What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0

U.S. regulators are not yet sure about what to make of ethereum’s impending transition to a staking-based protocol.

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, who recently declared his view that the world’s second-largest cryptocurrency by market capitalization is a commodity that could support a futures market, said this week his agency is still evaluating whether this will remain true after ethereum upgrades its network sometime in the coming year.

Speaking at CoinDesk’s Invest: NYC conference on Tuesday, Tarbert said the CFTC and its sister agency, the Securities and Exchange Commission (SEC), were both “thinking carefully” about the forthcoming Ethereum 2.0 upgrade which is designed to replace the coin’s current proof-of-work (PoW) model for transaction validation.

Read more:https://www.coindesk.com/what-the-cftc-chairman-actually-said-about-ether-futures-and-ethereum-2-0

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