Updated on:12/19/2025 04:46 PM 
Bitcoin's classification as a digital commodity has gained significant support from prominent financial leaders, with Cantor Fitzgerald CEO Howard Lutnick advocating for regulatory treatment similar to traditional commodities like gold and oil.
In a recent appearance on Fox Business's 'Mornings with Maria,' Lutnick emphasized the growing need for regulators to recognize Bitcoin's inherent value as a commodity rather than treating it as a security. This call for proper Bitcoin regulatory classification comes as the digital asset industry continues to face scrutiny from lawmakers who, according to Lutnick, lack fundamental understanding of cryptocurrency's economic importance.
'Regulators simply don't comprehend the significance of Bitcoin and other digital assets,' Lutnick stated, highlighting the critical need for policymakers to 'get it right' as cryptocurrency adoption accelerates globally.
The CEO's stance aligns with recent statements from SEC Chairman Gary Gensler, who reaffirmed that Bitcoin should indeed be classified as a commodity. However, Lutnick pointed out that while Bitcoin's commodity status is increasingly clear, regulatory frameworks have yet to catch up with this reality, creating uncertainty for market participants.
Beyond regulatory discussions, Cantor Fitzgerald is actively working to bridge the gap between traditional finance and cryptocurrency markets. The firm recently announced plans to launch a $2 billion financing service specifically designed for Bitcoin investors seeking leverage options, marking a significant step toward mainstream cryptocurrency adoption.
'Traditional financial institutions are eager to participate in the Bitcoin ecosystem,' Lutnick explained, noting that current regulatory requirements force banks to set aside excessive cash reserves as collateral for Bitcoin holdings, effectively discouraging widespread adoption.
Looking ahead, Lutnick predicted that within five years, banks and other traditional financial institutions will receive clear authorization to transact and custody Bitcoin without such restrictive requirements. This anticipated shift could dramatically accelerate Bitcoin's integration into global financial markets.
The evolving regulatory landscape was further evidenced by recent developments, where BNY Mellon obtained a regulatory exemption to establish a Bitcoin custody service without being subject to controversial accounting rules—a move that signals growing acceptance of Bitcoin within traditional financial institutions.
