
During a hearing, CFTC Chairman Rostin Behnam affirmed that Ether is a commodity, while SEC Chairman Gary Gensler avoided giving a direct answer on Ether's commodity status. Gensler's stance on Ether being a security remains uncertain.
Gensler implicitly argues here that he had to approve the ETH ETF But he goes back to CME futures as the basis for approval Meaning nobody else is getting a spot ETF for at least a few years unless the commissioners change https://t.co/4b9Vk1NdOE
Gary is still angling to label $ETH a security. In this clip, the only question to him was, "Is Ether a commodity or a security?" He...did not answer that question. https://t.co/hp2UjD9BP1
When asked whether ETH was a commodity, CFTC’s Behnam answered yes while Gensler skirted the question https://t.co/dhdFJ32SVo
