The US CFTC reiterated in its lawsuit against Kucoin that digital currencies such as ETH are commodities
2024-03-26 21:36:39
The US Commodity Futures Trading Commission (CFTC) has once again confirmed digital currencies such as Ethereum (ETH) as commodities. On Tuesday, the CFTC filed a complaint against the Kucoin exchange, stating that Bitcoin, Ethereum, and Litecoin all belong to the commodity category. CFTC's statement indicates that regulatory agencies are working hard to include digital assets such as Ethereum within their regulatory scope. The complaint alleges that Kucoin operates futures, swaps, leverage, and financing transactions involving these digital assets.
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