American Supervisory authority CFTC checks Ethereum Futures
Home News American Supervisory authority CFTC checks Ethereum Futures
Marcus Misiak –
The Commodity Futures Trading Commission (CFTC) published a request for information (Request for Information, RFI), requests public comments and feedback, so that you can understand Ether and the Ethereum block chain, if necessary, the approval of Ether to give Futures to.
In yesterday’s press release, the CFTC stated that she has requested Feedback, in order to expand their understanding of the technology and functionality of Ethereum. In line with the innovation-friendly attitude of the CFTC, the RFI is one of several methods you use to ensure that a fair regulation is in place, the innovation is not hindered. The CFTC Chairman J. Christopher Giancarlo is a crypto-supporter, and has recently stated that crypto-currencies are “here to stay”.
The objective of the request for information is according to a statement from the announcement as following:
In a request for information (RFI) published in the Federal register, asking the CFTC to public Feedback on a range of issues in connection with the underlying technology, opportunities, risks, Mechanism, use cases, and markets, in connection with Ether and the Ethereum network. […] The RFI also sought to understand the Similarities and differences between Ether and Bitcoin, as well as Ether-specific opportunities, challenges and risks.
The announcement could be a note on the examination of the Ether-Futures-trading system. To this day, the only crypto-currency regulated Futures Bitcoin trading in the United States. If it should turn out that the CFTC Futures explains in fact, the admission of Ether, this could have a significant positive impact on the Ether of course, after ETH recently of XRP as the second-largest crypto currency was dethroned by market capitalization.
Ethereum is a value of paper?
Crypto-enthusiasts cheered in June when the American stock market regulator, the Securities and Exchange Commission said in the Person of William Hinman, that he did not think that Ether is in its current Form, a value paper. After that Cboe Global Markets Inc said. President Chris Concannon, that the announcement of the elimination of a “major stumbling block for the Ether-Futures”.
The CFTC has dampened a part of this optimism on Tuesday by pointing out that you have still some basic open questions about Ethereum and referred directly to Hinman, and said that his remarks conveyed his “personal views”. The question of whether Ethereum is a paper, seems so unexplained.