According to BlockBeats, on September 28, Howard Lutnick, CEO of the US financial services company Cantor Fitzgerald, said that Bitcoin's status as a commodity has been established, calling for clearer regulation of the cryptocurrency field: "Bitcoin is a commodity. It should be treated like gold and oil. It's just a commodity."

Lutnick said he believes commodities and stocks will gradually converge in the long term, perhaps as long as 20 years. He emphasized his concerns about regulators’ inability to understand the significance of Bitcoin and the broader digital asset industry: “To be frank: They don’t even know what to do with cryptocurrencies and digital assets, they have absolutely no idea; they still don’t understand the importance of figuring out these issues.”

Lutnick previously announced a Bitcoin loan program to provide "leverage" to investors who own Bitcoin. They will launch "$2 billion in loans" through their "Bitcoin financing business."