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22 October 2019

Ether Dubbed a Commodity by CFTC Chairman, ETH Futures on the Cusp?

Ether Dubbed a Commodity by CFTC Chairman, ETH Futures on the Cusp?


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Government-regulated ether (ETH) futures trading could soon be a reality as the Commodities Futures Trading Commission (CFTC) Chairman, Heath Tarbert, dubbed the smart-contract cryptocurrency a commodity, essentially pulling it under the jurisdiction of the financial regulator.

In the latest of such encouraging developments, CFTC Chairman, Tarbert, said that “ether is a commodity.” The representative added that he sees ether futures trading in the U.S.

Tarbert opined that “forked” cryptocurrency assets – such as bitcoin cash (BCH), bitcoin gold (BTG), and ethereum classic (ETC) that are created from the parent blockchain network should also be considered as the original asset by regulators.

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