Joseph Lubin: Ether Should Be Included in Commodity Category

Joseph Lubin, co-founder of Ethereum, has conveyed in a Bloomberg interview that regulators such as the Commodity Futures Trading Commission (CFTC) support the view that Ether (ETH) should be categorized as a commodity, rather than a security.

Lubin likened ETH to other popular valuable commodities like gold, oil, and natural gas.

Bill Hinman of the SEC, and CFTC chair Rostin Behnam also publically commented that both Bitcoin (BTC) and ETH should be deemed as commodities, with Behnam ultimately deciding that only BTC falls under the commodity umbrella.

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