🚨 #BTC , #ETH , #sol , $XLM , $XTZ , and $XRP among examples of digital commodities 👀
CFTC Chairman Mike Selig cited these coins as examples of assets that could be classified as digital commodities, as the agency moves toward establishing the crypto market’s first formal regulatory framework.
Most importantly, this approach appears to classify assets and activities according to their nature, rather than placing the entire crypto market under a single category.
More specific rules are also being considered for trading, on-chain physical delivery, non-custodial wallets, and software developers.
For the market, classifying these and other coins as examples of digital commodities could be very important for regulatory clarity. However, the final details and official rules will determine the real impact.
CFTC Chairman Mike Selig cited these coins as examples of assets that could be classified as digital commodities, as the agency moves toward establishing the crypto market’s first formal regulatory framework.
Most importantly, this approach appears to classify assets and activities according to their nature, rather than placing the entire crypto market under a single category.
More specific rules are also being considered for trading, on-chain physical delivery, non-custodial wallets, and software developers.
For the market, classifying these and other coins as examples of digital commodities could be very important for regulatory clarity. However, the final details and official rules will determine the real impact.
