CFTC views Ethereum as a Commodity: SEC remains uncertain
Despite existing for over a decade now, categorizing crypto is still a hassle for several governments. While some view these assets as money, a few others continue to label them as securities and commodities. Ethereum [ETH] the world’s second-largest crypto continues to create confusion among investors about its identity. Now, however, Commodity Futures Trading Commission [CFTC] Chair Rostin Behnam decided to step up and suggest that ETH was a commodity. Speaking at a recent event, Behnam pointed out how his opinion about Ethereum was different from Securities and Exchange Commission [SEC] Chair Gary Gensler’s perception of the altcoin. Time and again, Gensler steered away from expressing his stance on Ethereum. However, just before the network transitioned into proof-of-stake via the Merge, Gensler hinted that Ethereum could be viewed as a sec urity. In addition to this, Gensler suggested that Bitcoin [BTC] was the only crypto that should be considered a commodity. ...