Getting classified as a commodity would likely make cryptocurrencies like Bitcoin be more lightly regulated. While some regulators have said. Cryptocurrency ETF: A cryptocurrency exchange traded fund (ETF) works similarly to a regular ETF, but instead of tracking an index, sector, or commodity. Traditionally, the SEC regulates securities while the CFTC regulates commodities and derivatives. Whether crypto is a security or commodity.
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New bill would reclassify some crypto as a commodity
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