June 15, 2021

CFTC chairman says Ethereum futures will be released as early as next year

CFTC chairman says Ethereum futures will be released as early as next year

Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert stated that Ethereum is a commodity, and he now expects officially regulated Ethereum futures to appear in the United States within the next 6-12 months.

Reason why CFTC classified Ethereumas a commodity, lies in the level inherent in the decentralization project in the absence of a centralized company responsible for selling coins to investors awaiting profit. This puts Ethereum under the jurisdiction of the CFTC and therefore allows the launch of a futures market in the United States.

In general, CFTC is more willing to work withcrypto space than with SEC. At the same time, according to Tarbert, CFTC is studying whether Ethereum's planned transition to Proof of Stake (PoS) will affect its classification as a product. In general, Tarbert believes that PoS is more decentralized than Proof of Work (PoW). However, until Ethereum transitions to PoS, CFTC cannot make such decisions.