CFTC Declares Bitcoin, Ethereum And Tether As Commodities

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CFTC; Photo Source: Carbon Credits
According to the CFTC’s court filing, “Certain digital assets are “commodities,” including bitcoin (BTC), ether (ETH), tether (USDT) and others, as defined under Section 1a(9) of the Act, 7 U.S.C. § 1a(9).”

The Commodity Futures Trading Commission labeled Bitcoin, Ethereum, and Tether as commodities in its lawsuit against FTX and Alameda Research.

The contents of December 13’s court filing were in contrast to the recent statements of Rostin Behnam, the Chairman of the CFTC. A few days ago, Behnam called Bitcoin the only cryptocurrency that should be viewed as a commodity during a crypto event held at Princeton University. In June, Gary Gensler, the SEC Chairman, also agreed on classifying Bitcoin as a commodity.  

The topic of regulating Ethereum as a commodity or security has been vastly debated by US regulators. 



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Following Ethereum’s transition to a Proof-of-Stake (PoS) model, Gensler asserted that staked tokens may qualify as securities. On the other hand, Behnam had earlier claimed in October that Ethereum can be considered as a commodity, before changing his stance on the subject again in November.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

According to the CFTC’s court filing, “Certain digital assets are “commodities,” including bitcoin (BTC), ether (ETH), tether (USDT) and others, as defined under Section 1a(9) of the Act, 7 U.S.C. § 1a(9).”

The Commodity Futures Trading Commission labeled Bitcoin, Ethereum, and Tether as commodities in its lawsuit against FTX and Alameda Research.

The contents of December 13’s court filing were in contrast to the recent statements of Rostin Behnam, the Chairman of the CFTC. A few days ago, Behnam called Bitcoin the only cryptocurrency that should be viewed as a commodity during a crypto event held at Princeton University. In June, Gary Gensler, the SEC Chairman, also agreed on classifying Bitcoin as a commodity.  

The topic of regulating Ethereum as a commodity or security has been vastly debated by US regulators. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Following Ethereum’s transition to a Proof-of-Stake (PoS) model, Gensler asserted that staked tokens may qualify as securities. On the other hand, Behnam had earlier claimed in October that Ethereum can be considered as a commodity, before changing his stance on the subject again in November.

Written by
Ayush Pande