On September 27, Howard Lutnitz, CEO of Cantor Fitzgerald, appeared on Fox Business and called on regulators to recognize bitcoin as a commodity like gold or oil.
In an #interview on Morning with Maria, Mr. Lutnitz emphasized bitcoin's status as a commodity and called for a clearer regulatory framework for the #cryptocurrency sector. #Bitcoin is a commodity. It should be treated like gold or oil. It's just a commodity, he said.
In response to Maria Bartiromo's question about whether commodities traded on the Cantor Fitzgerald exchange will be regulated in the same way as stocks, Lutnick expressed confidence that the line between commodities and stocks will erode, perhaps within 20 years. He expressed concern that regulators are struggling to recognize the importance of Bitcoin and the broader digital asset market, saying:
Let's face it. They have absolutely no understanding or knowledge of how to deal with cryptocurrencies and #digital assets.
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