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A comment on Binance sees $2B in outflows as troubles compound. Parent comment

Re:Binance sees $2B in outflows as troubles compound by seviu on Wednesday March 29, 2023 @09:21AM (#35356884)
What I find fascinating is that CFTC claims Ethereum is a commodity.

Meanwhile SEC says Ethereum is a security. Specially after the move to PoS.

It doesn’t seem they can even agree with each other.

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Re:Binance sees $2B in outflows as troubles compound by discodave on Wednesday March 29, 2023 @11:27AM (#35358642)
Why not? Gold is both a commodity and a security (think gold ETFs).

This logic seems like wishful thinking that people can't get rekt by both the SEC and CFTC, they can.

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Re:Binance sees $2B in outflows as troubles compound by koolba on Wednesday March 29, 2023 @11:45AM (#35358902)
But each of those is a separate thing. Gold the commodity is traded and regulated differently than a gold ETF. Just because they’re both related to the metal does not mean a single regulatory body has dominion over both.
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