CFTC chair insists on the stance that Ether and stablecoins are commodities
Join Our Telegram channel to stay up to date on breaking news coverage The US regulators continue to claim the rights to control the crypto industry, as the country has not yet decided which of them can claim the digital asset sector as part of their own jurisdiction, nor has it created a new regulatory body specifically for crypto. In the latest attempts to make his claim, the CFTC Chair, Rostin Behnam, used the new Senate Agricultural hearing to say that Ether and stablecoins are commodities. CFTC chair repeats his claims of Ether being a commodity The hearing, which took place yesterday, March 8th, saw one of the Senators, Kirsten Gillibrand, inquiring about the different views held by the different regulatory bodies on the matter of crypto. Specifically, the Senator wanted to know what was different between the SEC’s view and CFTC’s view on the matter. The question came after CFTC’s 2021 settlement with Tether, the crypto world’s leading stablecoin i...