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Tag Archives: CFTC

Illinois Court Confirms That Bitcoin And Ethereum Are Both Commodities: CFTC Chair

Rostin Benham – Chairman of the Commodities and Futures Trading Commission (CFTC) – says that an Illinois court has formally ruled both Bitcoin (BTC) and Ethereum (ETH) to be commodities, all but settling the CFTC’s crypto turf war with its sister agency. “In its decision, the court re-affirmed that both Bitcoin and Ether are commodities under the Commodity Exchange Act,” said Benham in prepared remarks during a U.S. Senate committee hearing on Wednesday. Ethereum A...

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House Passes FIT21 Bill To Provide Crypto Legal Clarity With Two Thirds Majority

The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 ‘yea’ to 136 ‘nay’. A ‘Historic’ Step For Crypto Regulation Crypto...

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CFTC Chair Calls on Congress to Implement Comprehensive Legislation for Crypto Regulations

CoinspeakerCFTC Chair Calls on Congress to Implement Comprehensive Legislation for Crypto Regulations Even if Congress passes the FIT Act, it will take the CFTC no less than a year to develop a comprehensive regulatory framework. CFTC Chair Calls on Congress to Implement Comprehensive Legislation for Crypto Regulations

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US Lawmakers Urge Treasury Secretary to ‘Fill Gaps’ in Crypto Regulations, Call for CFTC Oversight 

On Feb. 6, House Financial Services and Agriculture Committee leaders sent a letter to Treasury Secretary Janet Yellen regarding the lack of regulation in the spot market for digital assets that are not securities. The letter was sent from Patrick McHenry, Glenn Thompson, French Hill, and Dusty Johnson, all chairmen of various House committees. They requested that Janet Yellen, in her capacity as Chair of the Financial Stability Oversight Council (FSOC), provide answers to...

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