The head of the US commodity regulator has reiterated that Bitcoin and Ether are commodities and his agency should regulate them. Rostin Behnam argues that a recent court decision in Illinois confirms that Bitcoin (BTC) and Ether (ETH) are commodities. 🏛️

Behnam also noted that Olympus (OHM) and KlimaDAO (KLIMA) are also recognized as commodities. He called for action from other regulators, arguing that their inaction would not “suppress public interest in digital assets” but would only increase risk for financial markets and investors.

Behnam is confident that the CFTC is ready to enforce cryptocurrency rules and has put forward five key legislative priorities that he believes his agency can implement to better regulate digital goods.