CFTC declares Ether as a commodity again in court filing
The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test. The Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity in a Dec. 13 court filing — in contrast to statements from chief Rostin Behnam on Nov. 30 suggesting that Bitcoin was the sole cryptocurrency that should be viewed as a commodity. According to the CFTC, as per their filing today, ETH is a commodity . This really should put any Security designation to rest. pic.twitter.com/PkHWredNK4 — Hal Press (@NorthRockLP) December 13, 2022 In its lawsuit against Sam Bankman-Fried, FTX, and sister company Alameda Research, the regulator on multiple occasions referred to Ether, Bitcoin (BTC) and Tether (USDT) "among others" as "commodities" under United States law. “Certain digital assets are “commodities,” including bitcoin (BTC), ether (ETH), tether (USDT) and others, as defined under Section 1a...