Are cryptocurrencies commodities or securities? Depends on which US agency you ask

2017-08-24_00h03_35 IT総合
It’s a confusing time to be a crypto company. The markets are volatile and trading activity is shaky right now, but the biggest problem for crypto firms seems to be that there’s no clarity at the moment around the laws they’re supposed to be in alignment with.
Take, for instance, what the U.S. Commodity Futures and Trading Commission (CFTC) considers crypto to be: In its lawsuit against the crypto exchange Binance and its CEO, the CFTC alleged the firm violated trading and derivative rules, and referred to the two largest cryptocurrencies, bitcoin and ether, as commodities.
Per the CFTC’