ETH is a Commodity, Confirms CFTC Chairman Heath Tarbert

© Reuters. ETH is a Commodity, Confirms CFTC Chairman Heath Tarbert

Despite the expected Bitwise 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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Source
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The post ETH is a Commodity, Confirms CFTC Chairman Heath Tarbert appeared first on Bit News Live.

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