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19 February 2020

Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says

Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says


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Bitcoin (BTC) and Ether (ETH) are commodities, while the status of XRP is still unclear, the chairman of the Commodity Futures Trading Commission (CFTC) said.

According to Tarbert, the regulatory status of XRP is still unclear so far, despite the CFTC work with the United States Securities and Exchange Commission (SEC) to “to really think about which falls in what box” over the past year.

Heath Tarbert, who succeeded former CFTC chairman Christopher Giancarlo in July 2019, said for the first time that Ether was considered by the regulator as a commodity in October 2019.

Cointelegraph contacted Ripple regarding the recent CFTC chairman’s statement on XRP’s unclear regulatory status but had yet to receive a response as of press time

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