New York federal judge !!!!

[airdropeer1]

New York federal judge ruled yesterday, March 6, that the Commodity Futures Trading Commission (CFTC) can regulate cryptocurrencies, such as Bitcoin (BTC), as commodities, CNBC reports.
What do they mean with this movements and decisions in your opinion

[1715125773]

1715125773

[rodalutor]

It's pretty clear what they mean. Bitcoin can and will be regulated as if it were a commodity.

Do you have a source/link for this? I didn't come across this news in my reading yesterday.

[sparkystacey]

Do you have a source/link for this? I didn't come across this news in my reading yesterday.

There were a few headlines: https://www.coindesk.com/us-judge-rules-cryptocurrencies-are-commodities-in-cftc-case/

It looks like the SEC is drawing its fences around ICOs and ensuring they are not fraudulently securities, and the CFTC is gearing up to treat all coins as commodities. Seems like a logical separation that enforces the objective of utility tokens. I view this as a good thing.

[NeuroticFish]

It's pretty clear what they mean. Bitcoin can and will be regulated as if it were a commodity.

The more interesting part is that in Germany, Bitcoin was recognized as legal tender.
Imho they are all still testing the waters. We can't clearly tell how will Bitcoin be regulated over the world. I hope that it will be a s coin (legal tender) everywhere.

[Washball]

Cryptocurrencies will be regulated worldwide, meaning transactions will be taxed as VAT. And cryptocurrencies will no longer be decentralized. Earnings made from price increase will be taxed 50%, because it's considered as speculation. Bitcoin's success is the fall of cryptocurrencies, the 20K high price of bitcoin drew the attention of governments and banks and now they want to put an end to this. Because they're afraid for bank accounts running empty and tenders might be in danger.

[bizul]

Bitcoin is vulnerable to regulations because it is not private... bitcoin already lost a huge market share to altcoins and regulations will make it lose more people that value their privacy. What you are waiting for is inevitable. This year will be the year of privacy altcoins so you can switch now or you can wait till the last moment.

Not all privacy altcoins are anonymous so check all the facts before you invest. I'm fully invested into DeepOnion as I feel it will revolutionize the future of transaction privacy. DeepOnion protects user's identity by integrating Tor with OBFS4 bridges and MEEK to circumvent censorship and data snooping. DeepOnion is decentralized with private and fast transactions (62 transaction per second) and best of all, the coins are being airdropped to the public for free. Read about it when you have the chance and be the judge.

[bill gator]

It's pretty clear what they mean. Bitcoin can and will be regulated as if it were a commodity.

The more interesting part is that in Germany, Bitcoin was recognized as legal tender.
Imho they are all still testing the waters. We can't clearly tell how will Bitcoin be regulated over the world. I hope that it will be a s coin (legal tender) everywhere.

Talk about inconsistency. This is coming from countries with very tight political and economic ties. You'd think that it would be mutually beneficial to have a united front on how Bitcoin is to be dealt with. I imagine having it classified differently in multiple countries offers unforeseen consequences; you'd think there would be some kind of manipulation or loopholes created from this. It would seem silly to me to regulate all coins as commodities when anyone can make a coin for any reason. Monopoly money isn't a commodity, and so we would need something drawing a defining line between Bitcoin or other currencies that are meant to be considered commodities and other coins. They must be testing the waters, but it seems they're doing so without any coordination between commissions or countries. Of course I don't expect any different, but it just seems to ham-fisted.