Crypto: CFTC Chairman Wants US to Lead Regulation, What Does This Mean?

The last few years have seen national governments and central banks grappling with how to regulate the crypto-sphere. The US is no exception, but the Commodity Futures Trading Commission (CFTC) is one federal agency that is more supportive of the industry’s growth.

This bullish view was reinforced by CFTC Chairman Heath Tarbert in statements made surrounding sensible regulation to promote growth, and his vision that sees the US as the global leader in the blockchain and crypto industries.

CFTC Bullish on Crypto

While the US Securities and Exchange Commission (SEC) maintains a conservative approach to cryptocurrencies, the CFTC has been more constructive with regards to the coins. Recently, they announced their stance that Ether (ETH) is a commodity, opening up the floor for a plethora of newly regulated derivatives products on platforms like the CBOE.

While delivering a speech at Harvard Kennedy School this week, Tarbert highlighted the agency’s the prevailing regulatory approach…