The crypto community welcome Gary Genslers affirmation that Bitcoin (BTC) is a commodity and viewed it as a positive development for the industry. The U.S. Securities and Exchange Commission (SEC) Chairman confirmed that, among the hundreds of tokens, Bitcoin is the only one he is comfortable publicly labeling as a commodity. Gensler made the comments about SECs treatment of Bitcoin as a commodity while speaking to CNBCs Jim Cramer on Monday. He said both the SEC and the Commodities Futures Trading Commission (CFTC) have been following the assets class for a long time and have agreed that...
source: https://tokenpost.com/SEC-Chairs-confirmation-that-Bitcoin-is-a-commodity-welcomed-by-the-crypto-community-9662
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