The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

CFTC Chair Leaves Ethereum Hanging, Says Only Bitcoin Is a Commodity: Report

by Mehron Rokhy
December 1, 2022
in Bitcoin, Ethereum, Regulators

The Chair of the Commodities Futures Trading Commission (CFTC) is reportedly saying that only one crypto asset on the market counts as a commodity.

According to a new report by Fortune, CFTC Chair Rostin Behnam says that Bitcoin (BTC), the leading digital asset by market cap, is the only virtual currency that can be considered a commodity, making it fall under the jurisdiction of the regulatory agency.

This marks a change in Behnam’s beliefs as in October, the Chairman said that the leading smart contract platform Ethereum (ETH) may also count as a commodity.

At the time, Behnam said that the top altcoin wouldn’t count as a security despite transitioning from a proof-of-work consensus mechanism to a proof-of-stake one.

Securities don’t fall under the watch of the CTFC and are subject to the U.S. Securities and Exchange Commission’s (SEC) jurisdiction, which is known in the crypto industry for having harsher regulatory methods compared to the CFTC, according to the report.

Behnam goes on to say that the crypto industry desperately needs clear guidelines and regulations in the wake of the multibillion-dollar collapse of prominent crypto exchange platform FTX.

He says that the CFTC can only take limited enforcement actions because it lacks direct oversight when it comes to virtual currencies.

Though the CFTC and SEC have had disputes over which virtual currencies count as securities and which ones as commodities, Behnam has praised the collaboration between the regulatory bodies.

According to Behnam, the worst course of action would be for regulators to do nothing, stating that “inaction is paralysis.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Asukanda/Konstantin Faraktinov

Submit a Press Release

Industry Announcements

  • GUNZ Announces GUN Token Expansion to Solana
    July 7, 2025
  • BioMatrix Surpasses Five Million Verified Users, Setting New Standards for Real Human Engagement in Web 3.0
    July 7, 2025
  • NEXST Launches Web 3.0 Virtual Reality Entertainment Platform With K-Pop Group UNIS As First Global Partner
    July 7, 2025
  • Little Pepe Surpasses $4 Million in Presale, Emerging as One of the Leading Meme Coins of 2025
    July 6, 2025
  • The Open Platform Is First Unicorn in Web 3.0 Ecosystem in Telegram at $1 Billion Valuation
    July 3, 2025
  • P2P.org Brings Native ETH Staking to Ledger Live Globally
    July 3, 2025
  • Cooking.City Bringing Back Value Redistribution to Solana Fair Launches
    July 3, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$108,304.02
$108,304.02
0.81%
Ethereum
$2,545.09
$2,545.09
0.98%
BNB
$661.72
$661.72
0.16%
Solana
$149.09
$149.09
1.69%
XRP
$2.27
$2.27
0.04%

Spotlight

  • Crypto Analyst Sees Bitcoin Treasury Companies Igniting BTC Rallies to $150,000 or Higher – Unless This Happens
    June 30, 2025
  • Solana Rival SUI Gearing Up for Major Outperformance Following Correction, According to Real Vision CEO Raoul Pal
    June 30, 2025
  • Records of 166,953 Americans Now at Risk – Health Care Firm Says Attacker May Have Exposed Names, Addresses, Social Security Numbers and More
    June 30, 2025
  • Bank Suddenly Shut Down by US Regulators in Second Bank Failure of 2025
    June 30, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl