on 13 December. It has given rise to speculation that Bitcoin is the only cryptocurrency that should be considered a commodity.
However, there appears to be some disagreement within the CFTC about “if Ether should be classified as a commodity.”Last month, in the wake of FTX’s collapse, CFTC chief Rostin Behnamat a Princeton University event that Bitcoin is the only crypto asset. This statement stands contrary to his previous comments that asserted that Ether may also be a commodity.
Gensler had previously stated that Ether was a security after its initial coin offering , but that it has since become more decentralized and a commodity.
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