RATE Group | US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next
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US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

30 Oct US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

Posted at 16:08h in Ethereum News by

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The chairman of the United States Commodity Futures Trading Commission (CFTC) believes Ether (ETH) is a commodity — and that ETH futures trading is becoming a reality.

Heath Tarbert, who overtook J. Christopher Giancarlo in July, revealed his stance toward cryptocurrencies and forked coins at the All Markets Summit on Oct. 10, Yahoo Finance reports.

First CFTC guidance on Ether

While the CFTC has been very clear that Bitcoin is a commodity, this is reportedly the first time that the authority has provided a vision for Ether, the second-biggest cryptocurrency by market cap. Tarbert said:

“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether—until now […] It is my view as chairman of the CFTC that ether is a commodity.”

“Similar digital assets should be treated similarly”

According to the report, Tarbert acknowledges the existing uncertainty about the status of altcoins. However, he claimed that similar digital assets should be…

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