RATE Group | Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says
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Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says

14 Jan Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says

Posted at 20:26h in Bitcoin News by

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Bitcoin (BTC) and Ether (ETH) are commodities, while the status of XRP is still unclear, the chairman of the Commodity Futures Trading Commission (CFTC) said.

CFTC Chairman Heath Tarbert has reiterated the regulator’s stance on both Bitcoin and Ether in an interview with online news outlet Cheddar on Jan. 13. Tarbert said:

“So right now, Bitcoin and Ether are the two that we think fall under our jurisdiction.”

In the United States, the CFTC is responsible for regulating commodities, while securities fall under the Securities Exchange Commission. At the same time, the chairman has apparently for the first time expressed his thoughts about XRP — the third-largest cryptocurrency by market capitalization. Which is to say, the CFTc remains unsure.

Tarbert purportedly speaks about XRP in commodity-security context for the first time

According to Tarbert, the regulatory status of XRP is still unclear so far, despite the CFTC work with the United States Securities and Exchange…

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