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NEWS ROUNDUP: The Wreckage Of Blockfi, 3AC, Celsius and More ep269

BTC Sessions

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Is Bitcoin the Only Cryptocurrency to Be Labeled a Commodity?

The SEC chairman said Monday that Bitcoin was the only cryptocurrency he was prepared to publicly label a commodity rather than a security. He added noting this classification gives the CFTC or commodities futures trading commission a key role in overseeing Bitcoin markets. The debate over whether any particular cryptocurrency can be labeled a commodity has far reaching implications because financial instruments that are securities can only be legally sold to the public if the issuer registers with the SEC and adheres to strict disclosure regimes.

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