In the court document of Sam Bankman Fried, the founder of FTX, issued by the Foreign Commodity Futures Confederation (CFTC) on December 13, it was indicated that cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Lashing Rope (USDT) were all commodities.

The Commodity Futures Federation wrote that this digital currency is a commodity because it conforms to the definition of terms defined in the United States Constitution.

Does the current Chairman of CFTC have different views?

Although CFTC sued that ETH is a commodity, Rostin Behnam, current chairman of CFTC, has different views on the property.

At a recent personal data encryption activity of Brown University, Benham said that BTC is the only digital currency that needs to be classified as a commodity.

This statement is in contrast to previous statements made by the responsible person of the supervisory authority. In May, Benham indicated in the CNBC interview that Bitcoin and Ethereum are suitable for identifying goods.

It is reported that she issued a similar statement at a New York City event in October, suggesting that Gary Gensler, the current chairman of the SEC, had different views.

It is reported that after ETH transferred to the stock confirmation internet, Gensler said that according to Howey test, the digital currency of the allowed shares can be used as securities.

In addition, the classification of tokens is still an important problem abroad, because the regulatory authorities cannot respond to how the property should be screened. At this stage, the SEC and Ripple, the data encryption third-party payment platform, have launched a three-year lawsuit to confirm whether XRP sales business meets the securities qualification.

Denmark and other countries announced that assets without issuers such as Bitcoin and Ethereum are not securities, while the Australian Securities Administration (CSA) recently indicated that stable currencies can be securities or derivatives.