RATE Group | CFTC Chairman Bullishly Notes that Ethereum is a Commodity
65099
wp-singular,post-template-default,single,single-post,postid-65099,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

CFTC Chairman Bullishly Notes that Ethereum is a Commodity

12 Oct CFTC Chairman Bullishly Notes that Ethereum is a Commodity

Posted at 10:59h in Ethereum News by

[ad_1]

The current chair of the US Commodities and Futures Trading Commission boldly stated during a recent event that Ethereum is not a security but is rather a commodity, which means it falls under the oversite of the CFTC rather than the SEC – which is something that most investors view as being bullish.

The Chairman also shared his thoughts on a plethora of other aspects of the cryptocurrency markets, adding that there is a lot of “ambiguity in the market” when it comes to the status of many cryptocurrencies.

Ethereum is a Commodity, Which Appears to be Bullish

While speaking at the Yahoo Finance All Markets Summit in New York City on Thursday, Heath Talbert – the new chairman of the CFTC who just entered the position in July – spoke about a range of topics relating to cryptocurrencies.

One of the most noteworthy comments made was regarding Ethereum’s status as a commodity rather than a security, to which extent he noted that the CFTC has remained quiet on ETH ever since they…

[ad_2]

Source link