The Commodity Futures Trading Commission (CFTC) classifies Ethereum (ETH) and Litecoin (LTC) as commodities in the KuCoin case.
This classification comes amidst legal challenges for KuCoin, with implications for the broader digital asset market.
Following the reported by CNF, Litecoin (LTC) has experienced incredible network activities and technological developments in 2023. In a landmark development for the digital currency world, the Commodity Futures Trading Commission (CFTC) has classified Ethereum (ETH) and Litecoin (LTC) as commodities. This pivotal decision, emerging amid legal proceedings against the crypto exchange KuCoin, indicates a significant shift in the regulatory approach towards cryptocurrencies.
According to a press release from Washington on March 26, 2024, Financial Services, and Agriculture Republicans have called on the SEC to clarify its position regarding Prometheum’s custody of Ethereum’s Ether. The press release states:
The SEC and the CFTC have an extensi

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