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Illinois Court Says Bitcoin And Ethereum Are Digital Commodities: CFTC Chair
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Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said on July 10 an Illinois court has confirmed that Bitcoin and Ethereum are digital commodities.
According to Fox Business reporter Eleanor Terrett, Behnam said in a hearing that, based on the Commodity Exchange Act, 70-80% of the cryptocurrency market, including Bitcoin and Ethereum, is non-securities.
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