Press "Enter" to skip to content

CFTC warns about Ethereum 2.0

Blockchain


US Commodity Futures Trading Commission (CFTC) new president Heather Tarbert, found significant improvements in the new release of Ethereum 2.0 and warned the investors about the new ETH developers.

Ethereum developers who plan to move to the proof-of-stake mechanism in the coming period will launch ETH tokens that would support this protocol. Tarbert mentioned that these tokens could violate the regulations set by the CFTC and that Ethereum could even be declared a security threat. Tarbert in a recent statement mentioned that Ethereum is not secure in its current form and that it may be classified as a commodity and may launch a futures contract, but does not seem pleased with the new development.

“We are very thoughtful about this (Ethereum 2.0) and we will act carefully. ”

US should lead in Cryptocurrency Regulation

Tarbert, in a speech he attended on 13th of November, said that he saw a bright future for cryptocurrencies and stated that it is essential for America to take the lead in cryptocurrency regulations,

“As a regulator, I want to at least create an environment where innovation and initiative can flourish.”

In fact, the regulations pose a risk not only to the Ethereum, but to the entire cryptocurrency sector. Chinese President Xi Jinping’s blockchain statements last month led to the thought that Asia’s leading economy would also enter the cryptocurrency sector. Although many US executives said that cryptocurrency regulations should be treated quickly, there has been no improvement yet.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.