The Commodity Futures Trading Commission aka CFTC has reiterated its position that Ether and stablecoins are commodities in the tug-of-war that is taking place between the regulators in the United States over control of crypto assets. CFTC Previously Argued That Ether & Stablecoins Were Commodities The United States CFTC ought to have jurisdiction over Ether and stablecoins as commodities. In its lawsuit against FTX founder Sam Bankman-Fried, the CFTC has argued that Ether and Bitcoin were commodities. In a Senate hearing CFTC chair Rostin Behnam said CFTC would not allow a futures exchange product to be traded on the register
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