CFTC Declares Bitcoin, Ethereum, and Litecoin as Commodities in Binance Indictment - Derivatives are related to commodities; the indictment is over derivatives - YES this is Contradicting SEC's claim they’re a Security

the CFTC clarified that digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are commodities, t

Highlights

The CFTC has indicted leading cryptocurrency exchange Binance on charges of allowing US customers to trade cryptocurrency derivatives without registering with the CFTC.
The case highlights the need for regulatory agencies to collaborate and develop a coherent framework for the cryptocurrency market.
The current regulatory landscape is causing confusion and uncertainty, which could deter innovation and investment in the cryptocurrency space, says Andrew Hammond.
He says it is imperative for regulators to work together to create a regulatory framework that fosters innovation while protecting investors and consumers.
This will provide the clarity and certainty needed for the market to grow and mature, he says.
The lack of clear regulatory guidance has made it difficult for cryptocurrency firms to operate and investors to navigate the space

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