CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

Regulation

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 securities.

Tarbert, who joined the CFTC in 2019, has been a noted voice for sound crypto regulation at the federal level. He joins a laundry list of appointed regulators who are leaving their posts to make way for a new administration. Tarbert’s colleague, Commissioner Brian Quintenz, is also poised to depart soon.

There is no word yet on President-elect Biden’s preferences for leadership at the CFTC or the related Securities and Exchange Commission, though he has made Tarbert’s predecessor, Gary Gensler, a leader of his financial team

Products You May Like

Articles You May Like

Exchange demands users return Bitcoin bought for $6K during tech glitch
DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer
Ethereum’s Dip to $700 on Kraken Foreshadows a Possible Future for ETH
Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade
India securities regulator to reportedly bar IPO promoters from holding crypto

Leave a Reply

Your email address will not be published. Required fields are marked *