CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification
By Coinnews in Cryptocurrency
Updated a year ago
The U.S. Commodity Futures Trading Commission suit against cryptocurrency exchange Binance claims that the Ether coin is a commodity, but that only applies to its use by Binance.
![cftc-calls-eth-a-commodity-in-binance-suit-highlighting-the-complexity-of-classification](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2023-03/e588551d-457f-4a4b-9a72-b9df357405b5.jpg)