Ether Is Definitively A Commodity, CFTC Chair Says
By Philip Rosenstein (October 10, 2019, 9:46 PM EDT) -- The chairman of the U.S. Commodity Futures Trading Commission said Thursday that the cryptocurrency Ether is definitively a commodity in line with Bitcoin, which has also been excluded from securities laws and falls under the purview of the Commodity Exchange Act.
Chairman Heath Tarbert, who took the top job at the financial regulator in July, made the announcement at the Yahoo Finance All Markets Summit in his most high-profile appearance in his tenure.
The CFTC has stalled on making a final pronouncement on the nature of Ether, a cryptocurrency generated by the Ethereum network. In December, the futures regulator invited public...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!