Only Bitcoin Is A Commodity, Not Ethereum
Bitcoin Ethereum Only Bitcoin Is A Commodity, Not Ethereum 12 / 01 / 2022 Balita ng Ethereum ng Bitcoin Curiously, the crypto industry was watching Sam Bankman-Frieds (SBF) pakikipanayam at the Dealbook summit a few hours ago. In the meantime, however, an extremely important shift in regulatory stance has occurred in the question of which other cryptocurrencies are commodities besides Bitcoin. The U.S. Commodity Futures Trading Commission (CFTC) has been publicly advocating for quite some time that both Bitcoin and Ethereum (ETH) are commodities. However, that regulatory assessment appears to have changed radically yesterday. Speaking at a crypto event at Princeton University, CFTC chairman Rostin Behnam naglalagay that the only cryptocurrency that should be considered a commodity is Bitcoin. In doing so, he is doing a complete backpedal from previous statements when he implied that Ether is also a commodity. As Fortune reports, Behnam called the matrix of regulators an “imperfect system,” possibly to justify his new assessment, but praised the cooperation between U.S. regulatory agencies. CFTC Performs Complete U-Turn With ‘Bitcoin, Not Ethereum’ Remarkably, Behnam expressed a contrary stance as recently as Oct. 24 during a speech for the Rutgers Center for Corporate Law and Governance, as Bitcoinist iniulat. During the speech, he discussed the perceived jurisdictional tussle between his