The US Commodity Futures Trading Commission (CFTC) is ready to approve the launch of Ethereum futures, if requested. It is reported by CoinDesk, citing a senior official of the department.
This decision will consolidate the jurisdiction of the department over the Ethereum markets, since at the moment it is limited to compulsory tools. At the same time, the launch of non-deliverable futures will allow institutional players to safely interact with the second largest capitalization cryptocurrency in a strictly regulated environment.
According to market participants, the green light from the CFTC may in the long run have a positive impact on the approval process of cryptocurrency ETFs by the US Securities and Exchange Commission (SEC), and also strengthen retail investor confidence in the future.
In mid-December last year, the CFTC requested public comments on Ethereum technology and its applications. The Commission explained its interest by the need to develop regulatory standards for ETH and related markets.
As a result, the Commission received 35 responses from various organizations, companies and individuals, including the Coin Center, Blockchain LLC, Circle, Coinbase, ErisX and Craig Wright.