CFTC Chairman Heath Tarbert Gives Ethereum A Boost; Says He’s Impressed By ETH
The Ethereum community is celebrating something really massive, something that will definitely boost the whole Ethereum ecosystem and, hopefully, the price of ETH as well.
CFTC chairman Heath Tarbert just addressed the other day some important subjects such as Etehreum, DeFi, and more.
He deferred to his colleagues at the SEC on the question of whether ETH in a PoS version of Ethereum would be a security or a commodity.
Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), praises Ethereum
Here’s what he had to say about ETH:
“Let me just basically say how impressed I am by Ethereum, full stop, period,” he said. Here’s the complete quote:
Coming from him, this is pure gold for the crypto community because he’s not a mere Silicon Valley investor.
He addressed the issue during a live interview at CoinDesk’s invest: ethereum economy virtual conference the other day.
He also addressed the ways in which Ethereum and DeFi are fitting into the US securities and commodities laws. He also addressed the agency’s recent enforcement actions and the potential benefits and risks of migrating financial activities to distributed networks.
We recommend that you check out CoinDesk’s original article and the Zoom video in order to see what more he had to say.
Ethereum in the news
At the moment of writing this article, ETH is trading in the red and the digital asset is priced at $379.40.
Just the other day, it’s been revealed that Ethereum is still dominating DeFi space, and according to the latest reports, it was able to massively outperform other smart contract platforms such as Tron, EOS, NEO, and more.
Q3 DeFi ecosystem reports released by Dappradar revealed that this quarter is by far the best one for Ethereum, accounting for 96% of the total of $123 billion total transaction volume in the ecosystem.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.