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There is no agreement among US regulators regarding cryptocurrencies. The Commodity Futures Trading Commission said in its lawsuit against Sam Bankman-Fried that ETH, USDT and BTC are commodities.
At a conference at Princeton University,held on November 30, Chairman of the US Commodity Futures Trading Commission (CFTC) Rostin Behnam said that only Bitcoin can be considered a commodity.
However, the lawsuit against Sam Bankman-Fried, founder of FTX and Alameda Research, repeatedly emphasizes that Bitcoin, Ethereum and the stablecoin Tether are considered commodities.
“According to the CFTC's lawsuit, ether is a commodity. This should put an end to the debate that ETH should be regulated as a security,” said analyst Hal Press.
Let us remind you that yesterday, December 13, the federalManhattan prosecutors have charged Sam Bankman-Fried with fraud. Claims from the SEC and CFTC were also attached to the case. In this lawsuit, the CFTC asks the court to provide a legal assessment of violations of the US Commodity Exchange Act.
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