Bitcoin
Bitcoin (BTC)
$67,025.00 0.29985
Bitcoin price
Ethereum
Ethereum (ETH)
$3,215.62 -0.38525
Ethereum price
BNB
BNB (BNB)
$577.30 -2.26518
BNB price
Solana
Solana (SOL)
$141.76 -7.0858
Solana price
XRP
XRP (XRP)
$0.5250880 -1.0116
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000233 -2.64734
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 -10.5206
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -7.38594
Bonk price
Bitcoin
Bitcoin (BTC)
$67,025.00 0.29985
Bitcoin price
Ethereum
Ethereum (ETH)
$3,215.62 -0.38525
Ethereum price
BNB
BNB (BNB)
$577.30 -2.26518
BNB price
Solana
Solana (SOL)
$141.76 -7.0858
Solana price
XRP
XRP (XRP)
$0.5250880 -1.0116
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000233 -2.64734
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 -10.5206
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -7.38594
Bonk price
Bitcoin
Bitcoin (BTC)
$67,025.00 0.29985
Bitcoin price
Ethereum
Ethereum (ETH)
$3,215.62 -0.38525
Ethereum price
BNB
BNB (BNB)
$577.30 -2.26518
BNB price
Solana
Solana (SOL)
$141.76 -7.0858
Solana price
XRP
XRP (XRP)
$0.5250880 -1.0116
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000233 -2.64734
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 -10.5206
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -7.38594
Bonk price
Bitcoin
Bitcoin (BTC)
$67,025.00 0.29985
Bitcoin price
Ethereum
Ethereum (ETH)
$3,215.62 -0.38525
Ethereum price
BNB
BNB (BNB)
$577.30 -2.26518
BNB price
Solana
Solana (SOL)
$141.76 -7.0858
Solana price
XRP
XRP (XRP)
$0.5250880 -1.0116
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000233 -2.64734
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 -10.5206
Pepe price
Bonk
Bonk (BONK)
$0.0000156 -7.38594
Bonk price

CFTC chair says ether and stablecoins are commodities

cftc-chair-says-ether-and-stablecoins-are-commodities
Edited by
News
CFTC chair says ether and stablecoins are commodities

Rostin Behnam, the US Commodities Futures Trading Commission (CFTC) chairman, has reaffirmed his stance on ether (ETH) and stablecoins, making it clear that they qualify as securities.

During a March 8 Senate Agriculture committee hearing on oversight of the CFTC, chairman Rostin Behnam asserted again that he believes stablecoins should be regulated as commodities.

Senator Kirsten Gillibrand questioned Benham about the differing stance of the CFTC and the Securities and Exchange Commission (SEC). He referred to the former’s settlement with USDT stablecoin issuer Tether in 2021.

Benham stated that the stablecoin’s status as a commodity was apparent to its enforcement team.

While the CFTC believes bitcoin (BTC) and a good number of altcoins are commodities, its counterpart, the SEC has made it clear over time that BTC may be the only true commodity in the entire digital assets space.

Gary Gensler’s SEC has taken a heavy-handed approach toward crypto regulation amidst criticisms from web3 proponents. In 2022, the dreaded regulatory watchdog executed 50% more enforcement actions against crypto projects.

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