CFTC considers Bitcoin, Ethereum, Tether to be commodities

The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. Source: CFTC Court Filing CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the … Read more

Senator Lummis ‘comfortable’ including Bitcoin in retirement funds amid bear market

US Senator Cynthia Lummis is still a devoted Bitcoin supporter, as she wants to add Bitcoin to retirement funds amid the struggling crypto market.  “I’m very comfortable with making sure that people can include Bitcoin in their retirement funds because it’s just different than other cryptocurrencies,” Lummins recently shared with Semafor. However, it’s not the … Read more

CFTC Chair Rostin Behnam snubs Ethereum, claims only Bitcoin is a commodity

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the only cryptocurrency that should be classified as a commodity is Bitcoin. Behnam made the comment during a private crypto event at Princeton University. Under the context of the FTX collapse, Behnam took the opportunity to argue for appropriate legislation to counter the pitfalls of an … Read more

FTX Exploiter swaps 50K ETH to BTC swap sparking concern for Ethereum as ETH dips 3%

On Nov. 20, the FTX Exploiter account began to start shifting the stolen funds once again — totaling 50,000 Ethereum (ETH) valued at an estimated $60 million. The FTX hacker is doing things… They sent 25k ETH to another wallet and have been actively selling into RenBTC over the last few hours. They sold another … Read more

Singapore’s attempt to separate blockchain usage and crypto will not work: Vitalik Buterin

Singapore’s well-meaning attempt at crypto regulation may not work out, given its skeptical approach to the asset class, Ethereum co-founder Vitalik Buterin said in an interview with The Straits Times on Nov. 20. Buterin said he appreciates the city-state’s willingness to be supportive, but it could all be for nothing. “I definitely appreciate the amount … Read more

Vitalik Buterin believes crypto still ‘needs time to mature’ before mainstream adoption

Following the ongoing debate around crypto regulation, Ethereum founder Vitalik Buterin joined the discussion in a series of Twitter posts over the weekend. FTX CEO Sam Bankman-Fried has been the subject of much criticism over his views on DeFi regulation. Buterin decided to share his thoughts after stating that it “feels unfair to let other … Read more

EU signals regulatory intent with study on ’embedded supervision’ of Ethereum DeFi

Circle Policy Advisor Patrick Hansen tweeted details of a tender by the E.U. Commission to develop “embedded supervision” of decentralized finance (DeFi) on the Ethereum network. “The aim is to study technol. capabilities for automated supervisory monitoring of real-time DeFi activity.“ The value of the tender is estimated to be €250,000 ($242,600), and the study … Read more

CryptoSlate Wrapped Daily: Wintermute hacked of $160M, SEC claim jurisdiction over Ethereum transactions

The biggest news in the cryptoverse for Sept 20 includes Wintermute losing $160 million to DeFi operation hack, Ethereum developer confirming that Shanghai upgrade will not unlock staked ETH, Experts arguing that SEC cannot claim jurisdiction over Ethereum transactions, MicroStrategy buys an additional 301 Bitcoin for $6 million. CryptoSlate Top Stories Wintermute reveals $160M hack … Read more

Experts argue SEC cannot claim jurisdiction over Ethereum transactions

Several experts have disagreed with the U.S. SEC’s claim that it has jurisdiction over Ethereum transactions because there are more ETH nodes in the country than any other. SEC claims jurisdiction over ETH transactions In its charges against crypto promoter Ian Balina, the SEC said several U.S.-based investors participated in an investment pool that Ethereum … Read more

Debate rages over whether Ethereum can be considered a security post-Merge

Less than 24 hours after Ethereum (ETH) completed its transition to proof-of-stake, the crypto community is enmeshed in arguments about whether the asset can now be considered a security or not. SEC chairman statement The Wall Street Journal reported that US Securities and Exchange Commission (SEC) chairman Gary Gensler said cryptocurrencies that allow staking could … Read more