Ethereum futures are around the corner: CFTC Chairman – Ethereum News

Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert is positive on the launch of Ethereum futures. Heath at DC Fintech Week confirmed that Ethereum futures could be introduced sometime between six months to a year. The chairman had earlier stated that they view Ethereum as a commodity and not a security

CFTC chairman Tarbert seemed positive on the launch of Ethereum futures. Earlier, he had confirmed that CFTC views Ethereum and Bitcoin as commodities and not securities. Speaking at DC Fintech Week, he noted that the transition of the taxonomy of an asset is also possible. Something termed as a commodity today could be a security tomorrow, he added.

Several experts from the crypto community criticized the idea of such transformation. Gabor Gurbacs from VanEck tweeted that it sets a terrible precedent in his view with long term business uncertainty implications and legal ramifications that will likely be abused in predominantly common-law governed jurisdictions.

CFTC chairman had earlier stated that there is an ambiguity in the crypto market regarding some coins, but he believes that similar digital assets should be treated similarly. Apart from bitcoin and Ethereum, CFTC is also preparing to view at other assets. Bitcoin Cash, Litecoin, and XRP are already traded as commodities in parts of Europe.

Alexander Aryan
Alexander Aryan
After completing his Masters in Business Administration and Management from the California State University, Alexander dedicated his life into studying and writing about bitcoin and the technology behind it as he believes it to be the money of the future. Apart form being a writer, Alex is also a great speaker and loves to participate in blockchain events.

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