US CFTC Chairman States Many Cryptocurrencies Are Considered Commodities Under Current Laws, Calls for Clear Regulatory Guidelines
The chairman of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many cryptocurrencies are considered commodities under current laws, including Ethereum and stablecoins. However, there is a lack of clear regulatory guidelines, which is hindering businesses operating in the crypto industry in the US. Behnam has emphasized the need to figure out how existing laws fit into this new technology and the necessity for a new way of thinking around policy and legislation. The differing views of the CFTC and the Securities and Exchange Commission (SEC) have led to a regulatory dispute, causing uncertainty and discouraging some crypto companies from continuing business in the US.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta, Microsoft earnings beat send stocks higher
Big Tech pulled US indexes back into the green Thursday, as investors waited for two more Mag 7 first-quarter reports after the bell
Robinhood eyes crypto diversification as trading strength persists
CEO Vlad Tenev calls expected clarity on listing crypto asset securities “a big opportunity”
Moonshot is now available on Hosico cat
Official 'Black Mirror' Token Turns Social Credit Into Crypto Game
Trending news
MoreCrypto prices
More








