CFTC says ETH is a Commodity, and ETH Futures are Coming Soon

CFTC Chairman Heath Tarbert stated that he believes Ether (ETH), better known as Ethereum, is a commodity. He also thinks that ETH futures will come soon.

Importantly he also noted that he agrees with the SEC that Bitcoin and Ethereum are not securities and that the CFTC is working with the SEC on crypto related matters.

He also said a number of other things including saying that forked coins should be treated the same way as their underlying assets.

You can get the full story at Yahoo! Finance. See: CFTC says cryptocurrency ether is a commodity, and ether futures are next.