THE COMMISSION ON URGENT EXCHANGE TRADE OF THE USA HAS EXPRESSED INTEREST IN ETHEREUM
The US Commodity Futures Trading Commission (CFTC) has expressed a desire to learn more about Ethereum and the underlying technology, as well as the markets that have been created around it.
In a request for relevant information published on Tuesday, December 11, the regulator explains that it wants to receive public comments on various issues regarding Ethereum – from the technology to its application. For replies CFTC took 60 days, answers can be submitted via electronic or regular mail, or transfer physically.
In the request for information itself, it is noted that these answers will also help the Agency to get a better idea of how it is necessary to regulate the Ethereum market, as well as the cryptocurrency-related derivatives markets.
The document contains 25 different questions about Ethereum and its network, divided into categories such as its purpose, underlying technology, markets, surveillance, cyber security and custodial solutions.
The questions themselves cover such topics as, for example, the upcoming transition of Ethereum to the proof-of-stake algorithm, scalability problems, the use of the network at the moment, the ability to audit deposits in ETH, etc.
One of the questions, for example, is as follows:
“How will the introduction of derivative contracts on Ether potentially change or modify the financial structures underlying the proof-of-stake model?”
One of the main questions is as well the impact of the Ethereum market on the derivatives market built on top of It – and Vice versa.