News Explorer — CFTC Chair Suggests Ethereum and Stablecoins Are Commodities, Not Securities

Mar 8, 5:57 pm

CFTC Chair Suggests Ethereum and Stablecoins Are Commodities, Not Securities

At a Senate Agriculture Committee hearing, U.S. Commodity Futures Trading Commission Chair Rostin Behnam argued that Ether and stablecoins should be treated as commodities, while Securities and Exchange Commission Chair Gary Gensler argued that all cryptocurrencies, except Bitcoin, should be classified as securities. Behnam also stated that stablecoins should be considered commodities, while Gensler has sued Paxos for allegedly violating investor protection laws.