CFTC Chairman Confirms Bitcoin, Ether Are Commodities
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The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange…
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In the high-stakes CFTC action against Binance, his agency claimed that several tokens – bitcoin, ether, litecoin and the stablecoins tether and BUSD – are commodities that Binance was illegally trading. A lawmaker in the House Appropriations Committee asked him in a budget hearing Tuesday whether he personally believed ether…
Staff of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement on Tuesday clarifying that registered exchanges “are not prohibited from facilitating the trading of certain spot commodity products.” The move solidifies crypto assets as commodities, not securities, and opens the doors…
Key Highlights CFTC Chairman Michael Selig posted on X that the agency “stands ready to implement purpose-fit digital asset regulations to help ensure the U.S. remains the crypto capital of the world.” The post was a direct response to Rep. Bryan Steil, Chairman of the House Financial Services Subcommittee on…