CFTC Doesn’t Change Its Perspective on Ethereum

The Commodity Futures Trading Commission (CFTC) has qualified Ethereum (ETH) as a commodity in a court filing.

Identification of cryptoassets is particularly important in the US because the CFTC regulates futures commodities, while securities such as bonds and stocks are regulated by the Securities and Exchange Commission (SEC). Although Ethereum has been talked about for a long time, a clear conclusion has not been reached.

The Commodity Futures Trading Commission (CFTC) labeled Ethereum as a commodity in a court filing dated Dec.

CFTC Chairman Rostin Behnam said at a symposium on Oct. 24 that Ethereum is a commodity. In contrast, on November 30, Behnam made the statement suggesting that Bitcoin is the only cryptocurrency that should be viewed as a commodity. The president is undecided, but court filings state that Ethereum is a commodity.

“According to the CFTC, as per their filing today, ETH is a commodity. This really should put any security designation to rest.”

The court document states: “Certain digital assets, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and others, are subject to Section 1a(9) of the Act, 7 U.S.C. “a commodity” as defined in § 1a(9).”

However, there seems to be some disagreement within the CFTC itself, at least in recent weeks, over whether ETH should be viewed as a commodity.

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