您现在的位置是:Stablecoins and Ether are ‘going to be commodities, says CFTC Chair >>正文
Stablecoins and Ether are ‘going to be commodities, says CFTC Chair
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛82724人已围观
简介Key takeawaysCFTC chair Rostin Behnam believes that stablecoins and Ether are going to be commoditie...
Key takeaways
CFTC chair Rostin Behnam believes that stablecoins and Ether are going to be commodities.
The CFTC has always maintained that Bitcoin, Ether, and other cryptocurrencies are commodities.
Behnam has called for a proper regulatory framework to cover the cryptocurrency market.
Stablecoins and Ether will be regarded as commodities
Rostin Behnam, the chairman of the Commodity Futures Trading Commission, told the United States senate that Ether and stablecoins should be regarded as commodities.
He made this statement during a Senate Agricultural hearing on Wednesday, March 8th. When asked by Senator Kirsten Gillibrand about the differing views held by the CFTC and the Securities and Exchange Commission (SEC) following the CFTC’s 2021 settlement with stablecoin issuer Tether, Behnam said the agency considers stablecoins to be commodities. He said;
“Notwithstanding a regulatory framework around stablecoins, they’re going to be commodities in my view. It was clear to our enforcement team and the commission that Tether, a stablecoin, was a commodity.”
The CFTC had maintained that some digital assets, including Bitcoin and Ether, are commodities.
When asked what evidence the agency would use to win regulatory influence over Ether during the Senate hearing, the CFTC chair said it wouldn’t allow Ether futures products to be listed on CFTC exchanges if it didn’t believe that it was a commodity asset. He added that;
“We have litigation risk, we have agency credibility risk if we do something like that without serious legal defenses to support our argument that [the] asset is a commodity.”
A regulatory framework for crypto is still needed in the United States
Regulating cryptocurrency companies in the United States have been left to the SEC and CFTC. However, there is no clear regulatory framework for cryptocurrency companies to operate in the United States.
The SEC has been very active in regulating cryptocurrency companies for what it believes are violations of securities laws.
Last month, the SEC charged Nishad Singh, a former lead engineer at cryptocurrency exchange FTX for defrauding investors of the now-collapsed crypto trading platform.
The regulatory agency is also investigating Robinhoodover its cryptocurrency activities.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/95374.html
相关文章
Prosecutors ramp up pressure on SBF associate Nishad Singh
Stablecoins and Ether are ‘going to be commodities, says CFTC ChairSingh was integral in the founding of FTX, faces chargesCode was written to help Alameda take out un...
阅读更多
Bitcoin is only 90 days away from hitting $1.0 million: Pro
Stablecoins and Ether are ‘going to be commodities, says CFTC ChairFormer Coinbase CTO says Bitcoin will hit $1.0 million by June 17th.Custodia Bank founder dubs BTC a...
阅读更多
Here’s where to buy Real Trump Token today
Stablecoins and Ether are ‘going to be commodities, says CFTC ChairThe live Real Trump Token V2 price today is $0.0008 with a 24-hour trading volume of $176,852. Real...
阅读更多
热门文章
- New token Uniswap (UNI) jumps 135% to touch $6.08
- Loopring (LRC) price breakout is stalling
- 101Investing Review — The Ultimate Guide
- Should I Buy Shiba Inu Coin? 5 Things You Should Consider in 2022
- Binance Accused of Helping Hackers Launder Stolen Funds
- Arcane Research's 2022 predictions for the crypto, DeFi, and NFT niches
最新文章
Bitcoin’s break to $25k was fueled by massive liquidations
OpenSea implements limited
Chainlink (LINK/USD) losing $6 will be a bear trigger
Metaplex Foundation completes SATF sale in $46M raise
Binance's collaborative initiative seeks to develop a Thai crypto exchange
Kaspersky survey finds 30% of crypto owners have lost money