CFTC Seeks Public Comments For Guidance On The Ethereum Blockchain
The United States Commodity Futures Trading Commission (CFTC) invites comments and guidance from the Public over the Ethereum (ETH) blockchain, in order to improve their understanding of the network.
According to the official press release published Dec. 11, CFTC will publish a respective Request for Information (RFI) with the Federal Register. The RFI will request the public to comment on a wide range of Ethereum-related questions pertaining to the “technology, opportunities, risks, mechanics,” the market features and the use cases of Ethereum network applications.
CFTC further expressed their wish to have a better understanding of the differences and similarities between ETH and Bitcoin (BTC), especially in relation to the “opportunities, challenges, and risks” associated with the Ethereum altcoin.
The statement specifies that all public comments to the Ethereum-related RFI will be accepted within 60 days after publication in the Federal Register. The inference from the RFI will aid CFTC in their fintech initiative called LabCFTC.
Launched in May 2017, the CFTC initiative is a platform for “engagement with the fintech innovation community,” aimed to observe, understand and examine the new regulatory fintech developments in the ecosystem. Offering his support to cryptocurrencies, CFTC chairman Christopher Giancarlo stated that “Cryptocurrencies Are Here To Stay.”
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