CFTC vs SEC: Bitcoin, Ethereum, and 80% of crypto not securities?

Quick Summary:

CFTC Chairman has argued that BTC, ETH and about 70% to 80% of cryptocurrencies are non-securities citing a ruling.

Notably, the CFTC’s viewpoint of digital assets, such as Bitcoin, contradicts the long-standing argument of the SEC.

Finally, digital assets as commodities allow for more market development through innovation and liquidity.

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets: United States

Topics: Ambcrypto Bitcoin News Ethereum News 1 Trading View Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 12:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21574361

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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