THELOGICALINDIAN - CFTC Chairman Announces Support for Ethereum
Ethereum has faced abundant criticism over contempo months as the arrangement has faced astringent bottleneck issues. The cynics say that the arrangement will never accomplish due to delays in the launches of Ethereum ascent technologies.
But the proponents of the agreement are not fazed. Heath Tarbert, the administrator of the U.S. Commodities and Futures Trading Commission (CFTC), afresh angled bottomward on his abutment for Ethereum.
Speaking at a CoinDesk event, he said that he has been afflicted with Ethereum, “period.”
He abundant that in his role as a regulator of bolt and derivatives, he sees Bitcoin as email while Ethereum is “more like the Internet.” He did admit, though, that Bitcoin charcoal a advocate technology.
It’s account acquainted that this isn’t the aboriginal time Tarbert has mentioned Ethereum in a absolute light.
In an account with Bloomberg at the alpha of 2020, the regulator stated that he thinks that Ethereum is aces of accepting its own U.S.-regulated futures. He said in October 2019 that he “absolutely” believed there would be futures for the bread aural six to 12 months of those comments. Tarbert’s affirmation suggests that the CFTC sees Ethereum as a commodity, not a aegis as some critics accept suggested.
An Active Regulator
While the CFTC does see amount in cryptocurrencies, it is actively acclimation the space.
The CFTC fabricated account aloof a anniversary ago back it was appear that it was charging BitMEX, a crypto derivatives provider that has futures for Bitcoin, Ethereum, and added agenda assets. BitMEX is by far one of the best affecting companies in the crypto space, facilitating abundant BTC and ETH derivatives volume.
Investors are somewhat unfazed by the account about BitMEX, though. Mike Novogratz, CEO of crypto advance coffer Galaxy Digital, said afterwards the account on the affairs of crypto:
The CFTC may face a botheration in Ethereum, though, as decentralized derivatives belvedere accumulate steam.
