Commodity

The post Crypto Market Surge As Ethereum (ETH) Delcared As Commodity By SEC, Ends Investigation! appeared first on Coinpedia Fintech News Despite the market leader, the BTC price recorded a correction of 0.51% within the past day, the Ethereum token has surged 3.26% in valuation following the conclusion of the ongoing investigation by the SEC. Furthermore, top Ethereum-based tokens have displayed a similar trend by adding significant valuation in their respective portfolio. Notably, at the time of writing, the price…

The post Paul Grewal: SEC Approval Reinforces Ethereum as a Commodity appeared first on Coinpedia Fintech News Coinbase CLO Paul Grewal shed light on the SEC’s approval of eight spot Ethereum ETF applications, highlighting Ethereum’s status as a commodity. Grewal noted that this decision strengthens Ethereum’s recognition as a commodity, a notion shared by the Commodity Futures Trading Commission and federal courts. Moreover, this approval signals the upcoming trading of Ethereum on Wall Street and marks a major milestone for…

In a striking turn of events, Litecoin (LTC) has catapulted to the forefront of the cryptocurrency world, registering as the second best-performing cryptocurrency in the top 100. This bullish surge, nearly 11% in the last 24 hours, can be largely attributed to a pivotal statement from the United States Commodity Futures Trading Commission (CFTC). In a landmark decision amidst its lawsuit against crypto exchange KuCoin, the CFTC declared Litecoin a commodity, aligning it with the likes of Bitcoin (BTC) and…

Cryptocurrency growth in the last decade has taken the technological world by storm, and with this growth came many questions and concerns. The classification of cryptocurrency is primarily a chief concern. The subject is one that courts, government agencies, and even financial markets struggle to grasp.  The primary debate begs an answer to an essential question: are they securities or commodities?  Cryptocurrency traverses local, national, regional, and international boundaries. Hence the need for classification is both a national and international…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…