According to Joseph Lubin (ethereumJoseph), $ETH is clearly a commodity! What else did Ethereum's co-founder say? Read here -
Lubin stated it “just doesn’t matter” that some regulators have not recognized ETH as a commodity yet.Some regulators in the USA, including the SEC, have been somewhat uncertain regarding the coin’s status.for Bloomberg, Lubin said it is a “forgone conclusion” that ETH should be classified as a commodity, or in other words, treated as gold, oil, natural gas, and other items. He also reminded that multiple watchdogs have stated that the token should not be considered a security.
“Regulators have spoken. The SEC has spoken. Bill Hinman made a speech, I think it was in mid-2018. It was disclosed that I think 18 of his colleagues at the SEC worked with him on the speech, so the SEC actually spoke. The CFTC has spoken very crisply a number of times that they consider ETH a commodity and not a security.”He said there are still a few regulators who have not recognized the “fact” that the coin should join the commodities list.
It is worth noting that the positions displayed by the CFTC and the SEC over the years have been highly controversial. The former’s Chairman – Rostin Behnam –
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