CFTC Chairman on Bitcoin (BTC) and Ethereum (ETH)

🔶 In his speech, the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, stated that the Illinois state court has confirmed the status of Bitcoin (BTC) and Ethereum (ETH) as commodities under the Commodity Exchange Act. This means that 70–80% of tokens in the crypto market are not considered securities.

🔶 This court decision could impact cryptocurrency regulation in the United States and globally. It may also spark interest in Bitcoin and Ethereum from investors looking for new investment opportunities.