CFTC chair says most cryptocurrencies are commodities under current laws

Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam believes that most cryptocurrencies are commodities under existing laws, which need to be updated to account for technological advances. Behnam made the statement during an interview on CNBC’s Squawk Box on Dec. 12. The CFTC chair said there is an urgent need for more comprehensive regulatory frameworks […] source: https://cryptoslate.com/cftc-chair-says-most-cryptocurrencies-are-commodities-under-current-laws/