February 10, 2025

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

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert stated that Ethereum is a commodity andhe 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 of decentralization inherent in the project in the absence of a centralized company responsible for selling coins to investors expecting a profit. This places Ethereum under the jurisdiction of the CFTC and therefore allows the launch of a futures market in the United States.

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