Rostin Behnam, the Chairman of the CFTC, has discussed the classification of digital assets in the cryptocurrency market. Behnam mentioned that the U.S. Illinois court had recognized Bitcoin (BTC) and Ethereum (ETH) as commodities under the Commodity Exchange Act.
Furthermore, he pointed out that 70-80% of tokens in the crypto market are not securities, which is the opposite of what SEC Chairman Gary Gensler has stated about most cryptocurrencies being securities.
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