Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

.Sonic is now on Sonic!

2025-05-22

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»CFTC: Ethereum, Bitcoin and Litecoin are ‘commodities’ – why?
Bitcoin

CFTC: Ethereum, Bitcoin and Litecoin are ‘commodities’ – why?

2024-03-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • CFTC alleged that ETH was a commodity in a KuCoin complaint.
  • KuCoin recorded massive outflows, but ETH ETF May approval remains unclear.

The recent KuCoin lawsuit from the CFTC (Commodities Futures Tradings Commission) has reignited the debate over the chances of Ethereum [ETH] ETF approval by May.

In the CFTC complaint, the commission reiterated that Ether, Bitcoin [BTC]and Litecoin [LTC] are raw materials, according to her press release.

“During the Relevant Period, KuCoin solicited and accepted orders, accepted properties to provide margin, and operated a facility for trading futures, swaps and leveraged, margined or financed retail transactions involving digital assets that are commodities, including Bitcoin. [BTC]ether [ETH]and Litecoin [LTC].”

Is it a hidden gem or an SEC/CFTC battle?

Commenting on the development, Jake Chervinsky, Chief Legal Officer at Variant Fund, said: claimed that the lawsuit is a “hidden gem.”

“Hidden gem in the CFTC’s KuCoin complaint. Most of the time, the SEC and CFTC act as if they are not in a battle over crypto. Today, the CFTC is openly attacking the SEC’s alleged investigation into ETH.”

The US SEC (Securities and Exchange Commission) previously called ETH a commodity

However, it has remained unclear following Ethereum’s change from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus.

However, Nate Geraci of ETF Store warned the apparent SEC vs. CFTC duel on ETH and called for clarity for users and investors.

“Regardless of what you think about ether, it’s sad that we can’t get the government and regulators to provide clarity on ether, or on crypto in general. Isn’t that what would benefit the general public and investors? Instead, we see cloaked agency images and inconsistencies everywhere.”

True to Geraci’s words, the complaint and resulting lack of clarity have prompted KuCoin users and investors to withdraw massive amounts of money and assets from the exchange.

See also  Peter Schiff hits Trump's Bitcoin Reserve - "Gold would have been a better gamble!"

Provisional facts showed that KuCoin suffered an outflow of approximately $500 million after the complaint;

“In the past few hours, approximately US$500 million worth of KuCoin assets have been withdrawn from Ethereum, including 274 million USDT, 15,500 ETH, 50 million ONDO, 12 million FET, 95.38 million GHX, etc. KuCoin hot wallets still contain more than $3.6 billion in assets on Ethereum.”

Nevertheless, approval odds for ETH ETFs have risen to a pessimistic 25%, with Bloomberg ETF analysts citing a lack of engagement with BTC ETF applications.

However, Grayscale’s legal director remained confident in the approval. to report That,

“I don’t think the perceived lack of involvement from regulators should be indicative of one outcome or another.”

Previous: $COOKIE, the Cookie3 MarketingFi Ecosystem Token, Launches on ChainGPT Pad and Polkastarter

Next: On the Future of Bitcoin and the Role of ‘Boomer Wealth’



Source link

Bitcoin CFTC commodities Ethereum Litecoin
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin is getting high all time without a hefoma-is $ 120k next?

2025-05-22

Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

2025-05-22

Bitcoin knew $ 110k -but will this’ only -all ‘rally’ only without retailing?

2025-05-22

Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Bitcoin Risks Major Selloff As Miner Problems Continue

2023-05-07

Crypto Casino Behind Token That Exploded Over 400% in Three Months to Shut Down Trading Platform

2023-09-22

Five Ones to watch in May 2023

2023-05-01
Editors Picks

Token vs. Coin: Key Differences You Must Know as a Beginner

2025-05-15

Chainlink whales are on the move – Is something brewing?

2023-09-07

Hedera and Blockchain Foundation start national educational crusade

2024-04-28

Ethereum Price Could See “Liftoff” if It’s Able to Clear One Crucial Level

2023-08-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

.Sonic is now on Sonic!

Bitcoin is getting high all time without a hefoma-is $ 120k next?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,846.292.10%
  • ethereumEthereum(ETH)$2,630.034.74%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.411.26%
  • binancecoinBNB(BNB)$681.901.19%
  • solanaSolana(SOL)$178.034.32%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2389883.88%
  • cardanoCardano(ADA)$0.805.20%
  • tronTRON(TRX)$0.2746172.99%
  • suiSui(SUI)$3.82-1.86%
  • chainlinkChainlink(LINK)$16.594.71%
  • hyperliquidHyperliquid(HYPE)$32.5016.23%
  • avalanche-2Avalanche(AVAX)$24.939.33%
  • stellarStellar(XLM)$0.3013393.88%
  • shiba-inuShiba Inu(SHIB)$0.0000152.84%
  • bitcoin-cashBitcoin Cash(BCH)$439.538.80%
  • hedera-hashgraphHedera(HBAR)$0.2027222.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.76%
  • the-open-networkToncoin(TON)$3.152.16%
  • polkadotPolkadot(DOT)$4.913.88%
  • litecoinLitecoin(LTC)$99.573.03%
  • moneroMonero(XMR)$395.43-0.38%
  • bitget-tokenBitget Token(BGB)$5.220.13%
  • pepePepe(PEPE)$0.0000146.21%
  • piPi(PI)$0.82-1.69%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$466.834.76%
  • uniswapUniswap(UNI)$6.323.33%
  • aaveAave(AAVE)$255.233.17%
  • nearNEAR Protocol(NEAR)$3.057.88%
  • aptosAptos(APT)$5.699.33%
  • ondo-financeOndo(ONDO)$1.014.63%
  • okbOKB(OKB)$52.641.01%
  • kaspaKaspa(KAS)$0.1154463.03%
  • internet-computerInternet Computer(ICP)$5.636.40%
  • ethereum-classicEthereum Classic(ETC)$19.594.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.350.39%
  • gatechain-tokenGateToken(GT)$21.690.24%
  • crypto-com-chainCronos(CRO)$0.0999253.26%
  • render-tokenRender(RENDER)$5.128.62%
  • vechainVeChain(VET)$0.0302705.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2482113.81%
  • mantleMantle(MNT)$0.762.83%
  • ethenaEthena(ENA)$0.4098093.51%
  • worldcoin-wldWorldcoin(WLD)$1.5028.03%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.36%
  • arbitrumArbitrum(ARB)$0.4234694.50%
  • bitcoinBitcoin(BTC)$110,846.292.10%
  • ethereumEthereum(ETH)$2,630.034.74%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.411.26%
  • binancecoinBNB(BNB)$681.901.19%
  • solanaSolana(SOL)$178.034.32%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2389883.88%
  • cardanoCardano(ADA)$0.805.20%
  • tronTRON(TRX)$0.2746172.99%
  • suiSui(SUI)$3.82-1.86%
  • chainlinkChainlink(LINK)$16.594.71%
  • hyperliquidHyperliquid(HYPE)$32.5016.23%
  • avalanche-2Avalanche(AVAX)$24.939.33%
  • stellarStellar(XLM)$0.3013393.88%
  • shiba-inuShiba Inu(SHIB)$0.0000152.84%
  • bitcoin-cashBitcoin Cash(BCH)$439.538.80%
  • hedera-hashgraphHedera(HBAR)$0.2027222.90%
  • unus-sed-leoUNUS SED LEO(LEO)$8.910.76%
  • the-open-networkToncoin(TON)$3.152.16%
  • polkadotPolkadot(DOT)$4.913.88%
  • litecoinLitecoin(LTC)$99.573.03%
  • moneroMonero(XMR)$395.43-0.38%
  • bitget-tokenBitget Token(BGB)$5.220.13%
  • pepePepe(PEPE)$0.0000146.21%
  • piPi(PI)$0.82-1.69%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bittensorBittensor(TAO)$466.834.76%
  • uniswapUniswap(UNI)$6.323.33%
  • aaveAave(AAVE)$255.233.17%
  • nearNEAR Protocol(NEAR)$3.057.88%
  • aptosAptos(APT)$5.699.33%
  • ondo-financeOndo(ONDO)$1.014.63%
  • okbOKB(OKB)$52.641.01%
  • kaspaKaspa(KAS)$0.1154463.03%
  • internet-computerInternet Computer(ICP)$5.636.40%
  • ethereum-classicEthereum Classic(ETC)$19.594.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.350.39%
  • gatechain-tokenGateToken(GT)$21.690.24%
  • crypto-com-chainCronos(CRO)$0.0999253.26%
  • render-tokenRender(RENDER)$5.128.62%
  • vechainVeChain(VET)$0.0302705.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2482113.81%
  • mantleMantle(MNT)$0.762.83%
  • ethenaEthena(ENA)$0.4098093.51%
  • worldcoin-wldWorldcoin(WLD)$1.5028.03%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.36%
  • arbitrumArbitrum(ARB)$0.4234694.50%