SEC-registered broker Prometheum could force the agency to decide if Ether is a security and CFTC chair Rostin Behnam says that could lead to conflicting rules.
“Both Bitcoin and Ether are commodities,” Commodity Futures Trading Commission chairman Rostin Behnam testified in a March 6 hearing before the House Committee on Agriculture.
Behnam was speaking about a decision last month by SEC special purpose broker-dealer (SPBD) licensed Prometheum to provide ETH custody services.
