The US Securities and Exchange Commission (SEC) has designated FTX’s native token, FTT, as a security. The Commodity Futures and Trading Commission (CFTC) reiterated its commodity rhetoric for Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
While the FTX case was pending in the US court for the Southern District of New York, there were interesting phrases in the court files. CEO of Alameda Research Caroline Ellison and FTX co-founder Gary WangIn the charges filed against FTX’s native token, FTT SEC by a securities was defined as.
We record that FTT is sold as an investment contract and is a security.
According to experts, the SEC’s designation of FTT as a security also includes local tokens of other cryptocurrency exchanges. it is quite interesting. In the future, the regulatory body will release all exchange tokens. acceptance as a security looks likely.
On the other side of the investigation CFTC in the documents submitted BTC, ETH and USDT for “commodity” repeated his statements.
CTFC In the official file he used the following statements:
Digital assets such as BTC, ETH, USDT are commodities defined under section 1a(9) of 7 USC 1a(9).
In the initial filing of the FTX case, the CTFC also disclosed the cryptocurrencies in question under U.S. law. “commodity” described it as.
On the other hand, during the court filings and the FTX collapse, a secret group speaking through SBF, Ellison and Alameda executives His expressions were astonishing. In this short section of the messaging Surprised that Bitcoin was not affected by the crash placed:
Alameda admin: I’m surprised that BTC hasn’t dropped any further.
Ellison: Me too.
Bankman-Fried: Yes me too!
Ellison and Wang admitted to the various charges brought against them at the hearing. Founder Bankman-Fried, recently US Southern District of New York trial in court Waiting.