The Commodity Futures Trading Commission (CFTC) has accused KuCoin of soliciting and accepting orders involving digital assets like bitcoin (BTC), ether (ETH), and litecoin (LTC) which are considered commodities. This comes after the SEC's investigation into ETH as a security. The CFTC's complaint highlights Ethereum and litecoin as commodities, signaling a bullish outlook for proof of stake Layer 1 native tokens.
🚨 The CFTC specifically labeled BTC, ETH, and LTC as commodities in their new complaint against Kucoin https://t.co/GjQ2xRIUts
Breaking: @SECGov taking more hits as the @CFTC names Ethereum a commodity again in todays @kucoincom complaint 👀 Bullish for all proof of stake Layer 1 native tokens. https://t.co/UMFbsNLOrW https://t.co/AJVfI68B71
CFTC alleges in KuCoin lawsuit that ether and litecoin are commodities https://t.co/hJCyrdyr2F
NFT Live #449 - What's the NEXT Narrative to Play + KuCoin Charged https://t.co/Fhaem7t3PU
“During the Relevant Period, KuCoin solicited and accepted orders…involving digital assets that are commodities including bitcoin (BTC), ether (ETH), and litecoin (LTC).” @CFTC shots fired in wake of reports of @SECGov’s ETH-as-security investigation from last week https://t.co/nYN0KWg1Iy