U.S. CFTC Discards SEC’s “Security” Stance, Classifies Bitcoin & Ethereum As Commodities

In an effort to further ramp up the crackdown on the cryptocurrency sector, U.S. regulators have leveled allegations of violating regulations against the world’s largest cryptocurrency exchange, Binance. Among the several points outlined by the CFTC in its 74-paged court filing, the crypto community has been quick to pick up on CFTC’s classification of cryptocurrencies