CFTC Chairman: US Government Will Not Seize Crypto Assets
— Coin Türk
CFTC Chair announced that the U.S. government will not seize crypto assets.
CFTC Chair Michael Selig announced that the U.S. government will not seize crypto assets and that a legal framework for digital commodities has been established.
- The CFTC classified Bitcoin, Ether, Solana, and Zcash as 'digital commodities' in the U.S., ensuring the protection of ownership for these assets.
- New laws have strengthened the legal status of crypto assets by securing users' right to self-custody.
The U.S. government's assurance that it will not seize crypto assets could foster a sense of security in the markets, reinforcing the legal status of these assets.