Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets.
The SEC is currently embroiled in a long-running case with Ripple Labs, with the focus on defining the XRP token as a security.
The CFTC also views all virtual currencies as commodities under the Commodity…
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