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Which sector will see the most growth in cryptocurrency adoption by the end of 2024?
2
Commodity Futures Trading Commission•CFTC•Rostin Behnam•Illinois•Bitcoin•Ethereum•Commodity Exchange Act•Behnam•Senate Agriculture Committee
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Industry reports and market analysis from sources such as Gartner, Deloitte, or McKinsey
Story
Illinois Court Confirms Bitcoin and Ethereum as Digital Commodities; CFTC Says 70-80% of Cryptos Non-Securities
Jul 10, 2024, 03:33 PM
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, announced that an Illinois court has confirmed Bitcoin (BTC) and Ethereum (ETH) as digital commodities under the Commodity Exchange Act. This ruling classifies these cryptocurrencies as commodities rather than securities. Additionally, Behnam stated that 70-80% of the assets in the cryptocurrency market are considered non-securities. This announcement was made during a session at the Senate Agriculture Committee.
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