CFTC Chairman Heath Tarbert Talks Ethereum, DeFi and the Next BitMEX
Ethereum's upcoming proof-of-stake shift won't necessarily put the world's second-largest cryptocurrency into the securities bucket, the chairman of the CFTC said Wednesday.
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CFTC Chairman Heath Tarbert intends to leave the role early in 2021, opening the door for President-elect Joe Biden to name a new top commodities regulator.
After resigning from the commission's executive position in January, Tarbert is on his way out. Without much fanfare, Heath Tarbert has announced his full departure from the Commodity Futures Trading Commission at the end of this week.In a tweet Wednesday morning, the former CFTC Chairman said that he would be fully resigning as of Friday. In December, he left his post as chairman, which the CFTC announced formally on its website, but he indicated that he intended to stay on at the commission for an indefinite length of time. Today's announcement did not clarify future plans. During his....
Over the course of his 18-month term, Tarbert has been a consistent advocate for principles-based regulation of crypto. In a Dec. 10 public statement, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year. In listing accomplishments over the course of his term, Tarbert included that: "we have promoted responsible fintech innovation and declared Ether a commodity."This tracks with Tarbert's broader interest in the crypto markets and earlier statements affirming that Bitcoin and Ether should not face regulation as....
Tarbert's brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissionerIn a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of December. However, it was not clear at the time whether he would remain on the commission at all.Today's announcement confirmed that Tarbert would stay on as a commissioner, with a term that formally expires on April 13, 2024. In listing....
Ethereum has faced a strong drop since the August highs of $490. The coin currently trades for $375, far below the aforementioned highs. The cryptocurrency remains in a fundamentally strong position, though, analysts say. So much so that the chairman of the U.S. Commodities and Futures Trading Commission (CFTC) threw his weight behind Ethereum. In a talk, he said that he has genuinely been impressed by the protocol. He added that if Bitcoin is email, […]