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Are cryptocurrencies commodities or securities? Depends on which US agency you ask

Summary by Ground News

The U.S. Commodity Futures and Trading Commission (CFTC) considers crypto to be commodities. In its lawsuit against the crypto exchange Binance and its CEO, the CFTC alleged the firm violated trading and derivative rules. This stand is also a stark contrast to the position taken by the SEC, which views most crypto assets as securities.

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Are cryptocurrencies commodities or securities? Depends on which US agency you ask

As the CFTC and SEC diverge over whether cryptocurrencies are commodities or securities, market players feel confusion and want clarity.

2 years ago·United States

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TechCrunch broke the news in United States 2 years ago on Tuesday, March 28, 2023.

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