CFTC Chairman: Ethereum is a Commodity

October 10, 2019 | Digital Assets, Investments, News

The agency chair offered his views on Ethereum and Libra.

CFTC Chairman Heath Tarbert has said that Ethereum is a commodity. During a talk at the Yahoo! Finance All Markets Summit, the CFTC chair said he doesn’t think ether is a security.

“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether – until now,” Tarbert said about the world’s second-largest crypto by market cap. “It is my view as chairman of the CFTC that ether is a commodity.”

Tarbert also said that both the CFTC and SEC don’t think that either Bitcoin or Ether are securities As a result, the agencies may eventually allow Ethereum to trade on U.S. futures markets.

“It stands to reason that similar assets should be treated similarly. If the underlying asset, the original digital asset, hasn’t been determined to be a security and is, therefore, a commodity, most likely the forked asset will be the same,” Tarbert said. “Unless the fork itself raises some securities law issues under that classic Howey Test.”

CFTC Chairman Heath Tarbert Talks Libra Cryptocurrency

In addition to Ethereum, Tarbert also commented on the Libra cryptocurrency. He said that he wasn’t sure if the government would classify the stablecoin as a security.

“Is it a security, first and foremost,” CFTC Chairman Heath Tarbert said. “And if it isn’t a security, it is most likely a commodity.”

[Related: SEC Approves Hedge Fund Backed by Jon Corzine]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…