Ether and stablecoins are commodities, according to Rostin Benham Opposing viewpoints of different market regulators in the U.S fueling discord and lack of clarity As the tug of war between U.S regulators over control of crypto-assets continues, the Chairman of the Commodity Futures Trading Commission (CFTC) has tripled down on his position that Ether and […]
Opposing viewpoints of different market regulators in the U.S fueling discord and lack of clarity
During the Senate hearing, Benham was also asked what evidence the CFTC would present to gain regulatory influence over Ether. For his part, he claimed that if the CFTC did not believe Ether is a commodity asset, it would not have allowed Ether Futures products to be listed on CFTC exchanges.Senator Kirsten Gillibrand asked the CFTC’s Chairman about the differing views held by the CFTC and the SEC following the CFTC’s 2021 settlement with stablecoin issuer Tether.
The remark appears to have solidified Behnam’s sometimes shaky stance on Ether classification. During an event held at Princeton University last November, he
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