In a budget hearing on Thursday, when asked directly whether ETH is a commodity, Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), did not answer yes or no, but instead maintained the agency’s uncertain position on the asset.
During the same hearing, when asked if ETH is a commodity, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam answered, “Yes.”
Previously, Gary Gensler had told senators that the final approval for trading Ethereum (ETH) exchange-traded funds (ETFs) should be completed by this summer.