CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

by Aurelia Butler 27 March 2023, 21:20 179 Views

The CFTC claimed in its suit that Binance engaged in transactions with “digital assets that are commodities including bitcoin (BTC), ether (ETH), and litecoin (LTC) for persons in the United States.” That was not a new position for the agency. The CFTC claimed ETH was a commodity in its suit against FTX in December, and Chair Rostin Behnam stated his opinion that ETH and stablecoins were commodities as recently as March 8 in a Senate hearing.

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Source: Cryptocurrency - investing.com

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CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification

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