At a Senate Agriculture Committee hearing on Wednesday, U.S. Commodity Futures Trading Commission Chair Rostin Behnam asserted that Ether and stablecoins should be treated as commodities, a different view from that of Securities and Exchange Commission Chair Gary Gensler.
In the absence of federal legislation regulating the cryptocurrency markets, the question of whether cryptocurrencies should be classified as securities or commodities has emerged as a central debate, largely because it would delineate agency oversight.
