CFTC reiterates ether is commodity in complaint against Kucoin | Headlines | News | CoinMarketCap

03/27/2024 03:29
CFTC reiterates ether is commodity in complaint against Kucoin | Headlines | News | CoinMarketCap

The U.S. Commodity Futures Trading Commission (CFTC) has once more asserted that ether and several other cryptocurrencies are commodities as …

The U.S. Commodity Futures Trading Commission (CFTC) has once more asserted that ether and several other cryptocurrencies are commodities as regulators engage in a tug-of-war to secure oversight of the sprawling digital assets industry. 

The derivatives regulator on Tuesday said in a legal complaint against the operators of crypto exchange Kucoin that bitcoin, ether and litecoin are commodities, a press release shows. The CFTC’s assertion marks the latest of several public attempts by the regulator to establish the Ethereum blockchain’s native token as a good that falls under its purview.  

“KuCoin solicited and accepted orders, accepted property to margin, and operated a facility for the trading of futures, swaps, and leveraged, margined, or financed retail transactions …

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