CFTC Calls Ether and Stablecoins as Commodities, Will the SEC Agree?

In an interesting development, the U.S. Commodities and Futures Trading Commission (CFTC) exerted jurisdictional power over Ethereum and stablecoins while calling them commodities. With this, the CFTC sets a direct confrontation with the U.S. SEC which is keen to treat all cryptocurrencies, except Bitcoin, as securities.