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XRP, BTC, ETH, a commodity or a security? – CFTC Commissioner explains fallacy
Although the CFTC does not regulate pure commodities, its authority includes anti-manipulation and anti-fraud enforcement over said commodities, including digital assets. CFTC Commissioner Dawn Stump, who has said is following the SEC v. Ripple lawsuit for its potential to provide regulatory clarity, has come forward to end the fallacy of the question “Is it a Commodity or a Security?” “The CFTC’s regulatory oversight authority, as well as the application of our enforcement authority, must be well understood by the public. Only then can proper regulatory compliance be demanded”, said the CFTC Commissioner ... (full story)