US Commodity Futures Trading Commission: ICOs Could Transform into Commodities

The US Commodity Futures Trading Commission (CFTC) is actively investigating the legality of initial coin offerings (ICOs) and the possibility of considering ICO tokens as commodities.

Speaking at Georgetown University’s first annual Fintech Week on October 19, leading cryptocurrency experts and regulators, including CFTC Commissioner Brian Quintenz and CoinCenter executive director Jerry Brito, debated the legality of ICOs. The regulation of the sector by US authorities was at the center of most fintech and cryptocurrency related discussions.

Quintenz, who attended the event as a panelist alongside Brito, explained that ICO tokens that begin as securities could transform into commodities, depending on their characteristics, purposes, and structures…

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