The Chair of the Commodity Futures Trading Commission (CTFC) believes Ethereum (ETH) is a commodity, despite opinions to the contrary from SEC Chairman Gary Gensler.
Speaking at the Senate’s Agricultural Hearing, CTFC Chair Rostin Behnam says that the second-largest crypto asset by market cap counts as a commodity, making it fall under the jurisdiction of the CTFC.
When asked about U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent comments that all crypto assets except Bitcoin (BTC) count as securities, Behnam says that he believes ETH is categorically a commodity.
Trending: WOW! Black Male Goes Off on Racist Tirade at Young White Couple With Toddler on NYC Subway… Calls Small Child a “Monkey” and Tells Him to “Shut up!”… Where’s the Outrage? Where’s The Hate Police? [VIDEO]
“I’ve made the argument that Ether is a commodity, it’s been listed on exchanges for quite some time, and for that reason it creates a very direct jurisdictional hook for us to police the
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!