Illinois Court Confirms Bitcoin and Ethereum as Commodities: CFTC Chairman Behnam Challenges SEC Stance

CFTC Chairman Rostin Behnam recently discussed the classification of digital assets in the crypto market before the Senate Agriculture Committee. He highlighted that an Illinois court has recognized Bitcoin and Ethereum as commodities under the Commodity Exchange Act. Behnam emphasized that 70-80% of tokens in the crypto market are not securities, contradicting SEC Chairman Gary

Source: CoinOtag