Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction.
Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity.
Flipping Positions on Ether
As reported by Fortune magazine, the chairman aired his thoughts during an invite-only crypto event hosted by Princeton University on Wednesday.
The timeslot, once allotted for ex-FTX chief Sam Bankman-Fried (SBF), had instead been filled by a panel titled “The Demise of FTX and Other Crypto Entities: Lessons Learned.”
According to Benham, his agency had spent “tens of thousands” of hours speaking with FTX about allowing the exchange to let customers trade with money borrowed directly from the company, rather than through a broker.
The CFTC was also in line for increased funding and oversight through the Di
We współpracy z: https://cryptopotato.com/cftc-chair-changes-his-mind-about-ethereum-being-a-commodity/
