‘Ethereum and Stablecoins Are Commodities’: CFTC Clashes With the SEC


Let’s be real: they will never figure this out. Commodity, security,… The freaking agriculture committee is involved.🤣

Time for crypto to be it’s own category!

tldr; The Commodity Futures Trading Commission (CFTC) chair Rostin Behnam told the Senate Agriculture Committee that Ether is a commodity since it has been listed on CFTC exchanges for quite a while and that it was the right authority to police its derivatives and the underlying markets. Behnam also disagreed with SEC Chair Gary Gensler that all digital assets except bitcoin are securities.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today’s trending news [here](https://coinfeeds.substack.com).*

Stable coins are definitely not a security based on the SEC’s own Howey test. There is no expectation of profit when you hold a stable coin.

One of them is clearly right

And one of them is clearly an asshat

The SEC are a legal mafia

Civil wars between these goverment institutions. A lot of taxpayer money is going to waste while people are homeless and living in tents on the sidewalk

Fight fight fight! Winner gets to decide how to shaft the public.

Let’s go CFTC!!
It is weird to think that a STABLE coin van be seen as a security under the howey test.

If those two fight, maybe well be the lucky ones

So each one wants to regulate it themselves, right? Too precious! like LOTR’s ring.


I dont understand why they have two institutions on “a more or less equal” level on the same matter

The Senate Agriculture Committee is discussing the status of cryptocurrencies. You know that sounds kind of crazy. Do btc miners need a permit from the geological agency in the US?

Seriously, get you shit together…or wait, better not. Keep being silly! The last decade of US politics were pretty entertaining and it makes me feel better about the stupid stuff happening in my home country.

Who gives a shit? Mind your own business cocksuckers and stay away from my money.