CFTC Considers Bitcoin, Ethereum, Tether To Be Commodities

The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities.

CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the U.S. Constitution.

(By Oluwapelumi Adejumo)

Bitcoin $98,971.62

+0.52%

CFTC Bitcoin Ethereum Tether

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