CFTC Aligns With SEC: ICO Tokens Can Be Commodities

CFTC Aligns With SEC: ICO Tokens Can Be Commodities

The Commodity Futures Trading Commission (CFTC) has said that it may consider tokens issued through initial coin offerings (ICOs) may be considered as commodities. The publication was released by LabCFTC, a fintech initiative within the US regulator that was launched in May. A broad-ranging release, it covers the basics of the technology as well as a number of use cases. It also highlights the CFTC’s existing regulatory posture toward cryptocurrencies – back in 2015, the agency said that it would classify bitcoin and other cryptographically tied assets as commodities. Notably, the document includes comments on recent Securities and Exchange […]