CFTC Chairman: Ethereum is a commodity, and the CFTC has direct jurisdiction over its derivatives market

ChainCatcher News, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam stated to the Senate Agriculture Committee on Wednesday that Ethereum is the second-largest cryptocurrency after Bitcoin and is considered a commodity. Ethereum has been listed on CFTC exchanges for a long time, and the CFTC has direct jurisdiction over its derivatives market and underlying market. (decrypt)