At a budget hearing on Thursday, Securities Exchange Commission (SEC) Chairperson Gary Gensler did not answer yes or no when asked directly whether ETH is a commodity, instead sticking to the agency's uncertain stance on the asset. At the same hearing, when asked if it is a commodity, Commodity Futures Trading Commission (CFTC) Chairperson Rostin Behnam replied: "Yes."
Previously, during the aforementioned hearing, the SEC chairperson said he expected the Ethereum ETF's S1 application to be approved sometime in the summer.
The SEC maintains an uncertain stance on the ETH attribute, while the CFTC confirms that the ETH attribute is a "commodity"
2024-06-13 15:20:52
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