Contradicting Gensler’s ‘Bitcoin Only’ Stance, U.S. CFTC Chief | Kianite

Contradicting Gensler’s ‘Bitcoin Only’ Stance, U.S. CFTC Chief Reiterates ETH Is A Commodity

The power tussle between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over who is the top crypto cop on the beat continues to confuse investors.

In line with the tug-of-war between the two American regulators, CFTC chairman Rostin Behnam has reaffirmed that Ether is a commodity — not a security like his SEC counterpart says.

CFTC’s Behnam Calls Ether A CommodityEthereum, the world’s second-largest cryptocurrency next to bitcoin, should come under the purview of the CFTC.

Chairman Rostin Behnam told the Senate Agriculture Committee on Wednesday that Ether is a commodity.