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ETH is a Commodity, Confirms CFTC Chairman Heath Tarbert

Published 10/10/2019, 12:08 PM
Updated 10/10/2019, 01:21 PM
© Reuters.   ETH is a Commodity, Confirms CFTC Chairman Heath Tarbert
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Despite the expected Bitwise Bitcoin ETF rejection, good news has come from the U.S. Commodity Futures Trading Commission (CFTC), whose chairman acknowledged Ether (ETH) as a commodity, falling under the CFTC purview.

Heath Tarbert, the CFTC chairman, made these comments while speaking at a Yahoo (NASDAQ:AABA) Finance summit in New York,

“It is my view as chairman of the CFTC that ether is a commodity”.

This recognition comes a year after the U.S. Securities and Exchange Commission decided not to classify Bitcoin and Ether as securities. The dif...

This article appeared first on Cryptovest

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