The United States Commodity Futures Trading Commission (CFTC) hasn’t come to bury Ether, it’s come to regulate it. That was the message drawn from Heath Tarbert’s remarks from the stage at Yahoo (NASDAQ:AABA) Finance’s All Markets Summit in New York City on Oct. 10, which could have important consequences for the crypto and blockchain industry. He went on:
Ether (ETH) — the native cryptocurrency of the Ethereum ecosystem — is a public, open-source blockchain-based platform that features smart contracts. As a commodity, Ether would be regulated in the U.S. by the CFTC; if it were found to be an investment, by contrast, it would be regulated by the Securities and Exchange Commission (SEC).