February 23, 2024

CFTC Chair Confirms Ethereum Futures Launch

CFTC Chair Confirms Ethereum Futures Launch

The chairman of the Commodity Futures Trading Commission (CFTC), Heath Tarbert, is sure that ether-based (ETH) futures contracts may appear on the market soon.

In an interview with Bloomberg, he said thatSince we have already seen Bitcoin futures not only with cash settlement, but also with delivery, we can now expect the launch of Ethereum futures. Heath Tarbert is committed to encouraging innovation and would love to see the US take a leadership position in promoting blockchain and digital assets.

The CFTC Chairman considers Bitcoin and Ethereum to be commodities or raw materials thatfall under the jurisdiction of his department, but for now

For the first time the question of the possibility of appearing on the marketHeath Tarbert began to pick up instruments linked to ETN tokens back in October 2019, when he announced that they would begin to bargain over the next 6-12 months.