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Apparently he thought ETH was in uncharted territory. Meanwhile the head of the CFTC says many cryptocurrencies including ETH are commodities.
by DennisP 4y ago
Apparently he thought ETH was in uncharted territory. Meanwhile the head of the CFTC says many cryptocurrencies including ETH are commodities.
- qeternity 4y agoYes, the head of the Commodities Futures Trading Commission has a clear incentive to call things commodities. Unfortunately, he's not the one who gets to say whether they're securities.
- DennisP 4y agoThe head of the Securities and Exchange Commission has a clear incentive to call things securities. He doesn't "get to say" whether things are securities either. He can claim they're securities but he has to prove cases in court, which isn't turning out to be that easy even for XRP. Ultimately, Congress decides the rules, and not everyone in Congress thinks the SEC is doing a good job here.