U.S. CFTC chairman hints that Ethereum futures will be launched soon, and the United States should play a leading role in the blockchain field

According to a report from Decrypt on February 1, US Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert recently stated that he wants "the United States to be in digital assets such as Ethereum and blockchain technology Are in leadership positions. " It released positive signals on Ethereum futures on Wednesday.

ethereum-3660218_960_720

Image source: pixabay

In an interview with Bloomberg TV, Heath Talbot said he expected ether futures to enter the US market. Futures are agreements to buy or sell a certain number of commodities at a fixed price on a specific date. In other words, a bet on future prices.

Talbot reiterated that he believes that Bitcoin and Ethereum are commodities under the jurisdiction of the CFTC, which is why the CFTC has so much activity in the field of digital assets.

Talbert said he hopes that the United States can play a leading role not only in digital assets and blockchain technology. He concluded:

"Of course, we now have bitcoin futures, both cash settled and physical delivery bitcoin futures. My prediction is that we will also see the launch of Ethereum futures. As the commodity sector is booming, we You will see more commodity futures. "

It's worth noting that even though the committee has previously stated that Bitcoin and Ethereum are commodities, this does not mean that they cannot be classified as securities or other categories.

Bitcoin futures have experienced a bumpy history. The Chicago Board Options Exchange (Cboe) began trading bitcoin futures in 2017, and finally decided to discontinue this service in March 2019. In September of the same year, Bakkt launched a physically settled Bitcoin futures transaction, followed by a cash-settled Bitcoin futures transaction. As of the end of November, its transaction value had reached USD 124 million. (Bitcoin options are different from bitcoin futures. It gives buyers the right to buy bitcoins, not obligations.) Cash settlement refers to the transfer of fiat currency, while physical settlement refers to the delivery of actual assets, which here refers It's Bitcoin.

Although foreign investors can trade Ethereum futures on exchanges outside the United States, there are no Ethereum futures on the US market. That could change, according to the CFTC chair. In April 2019, Talbot took over the chairmanship of the CFTC from J. Christopher Giancarlo. During his short tenure, he repeatedly emphasized the importance of allowing digital assets to take root. .

In November last year, he told crypto investors, "As a regulator, I will work hard to create an environment conducive to innovation and development."

Original: https://decrypt.co/18203/ethereum-futures-are-coming-says-cftc-chairman

Author: Jeff Benson

Compilation: Libert

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The new pattern of staking: exchanges enter the market to explore the boundary, the pledge amount of service providers is not proportional to the income provided

Analyst | Carol Editor | Bi Tongtong | PANews At this time last year, Staking was all the rage, and many players &quo...

Blockchain

Behind 106 market cases, we discovered the impact of the BTC spot market structure on price discovery

(Onion Note: "Price Discovery refers to the process by which buyers and sellers reach a transaction price for th...

Blockchain

IEO re-burns the ring of rich dreams, how long can the dozens of income myths go?

There is no doubt that IEO is the hottest word in the currency. Since January 3 this year, the company announced the ...

Blockchain

Derivatives track has become an industry consensus. Bitcoin will be up to 20,000 US dollars in the year?

2020 cryptocurrency market welcomes a good start: BTC rose more than 29% in January, and regained the 10,000 yuan mar...

Blockchain

Sun Yuchen used capital hegemony to control Steem, causing controversy, the integrity of stolen users' voting rights was questioned

Recently, in order to prevent capital power on the chain, Steem witness nodes jointly launched a soft fork. God V des...

Blockchain

FCoin nearly 13,000 BTC can not be paid, some people report it, some people save themselves

Following the destruction of 720 million tokens and three days and three announcements, FCoin has made new progress. ...