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Fiat Based Stablecoins Are Commodities Says CFTC Chair

Published: March 14, 2023

Commodity Futures Trading Commission CFTC Chair Rostin Behnam asserted fiat-based stablecoins such as USD Coin USDC, Tether USDT, and Binance USD BUSD, all of which are pegged to an underlying fiat currency) should be considered as commodities.

Source: natlawreview.com

Related Topics:

Rostin BehnamGary GenslerKirsten GillibrandCommodity Futures Trading CommissionExchange CommissionCommodity ExchangeSenate Agriculture CommitteeChair Rostin BehnamChair Gary GenslerSenate AgricultureSenator KirstenCommodity Exchange ActFiat CurrencyFtc JurisdictionFtc Chair Rostin BehnamBinance UsdUsd CoinIat Based StablecoinsSec Chair Gary GenslerUnregistered Securities