Bitcoin and Ethereum are commodities according to the CFTC chair.
This is more of the ongoing battle between the USG alphabet agancies.
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Bitcoin and Ethereum are commodities according to the CFTC chair.
This is more of the ongoing battle between the USG alphabet agancies.
Posted Using LeoFinance Beta
If they are considered commodities, doesn't this mean that it might have some changes to how taxes are appled? I think it's going to be a huge mess as laws and court cases are applied to crypto.
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It could although when trading, capital gain taxes are the same on commodities. If you gain on the sale of a barrel of oil (or more likely a futures contract) you have capital gains.
What it does is it hits the SEC (if they are in agreement). Cant be hit as a security if it is a commodity.
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Interesting… 🧐
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