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coinpedia 2024-03-07 13:14:33

CFTC Chair Confronts SEC’s Possible Decision of Ethereum’s Custody

The post CFTC Chair Confronts SEC’s Possible Decision of Ethereum’s Custody appeared first on Coinpedia Fintech News The probable decision of SEC to allow one of its registered firms, Promethium to custody Ether, would classify it a security, warned Commodity Futures Trading Commission (CFTC). The CFTC Chairman, Rostin Behnam testified in a March 6 hearing before the House Committee that both Bitcoin and Ether are commodities. SEC-registered Special Purpose Broker Dealers (SPBDs) …

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