CFTC chair said ETH is a commodity and anticipated ETH derivatives to trade in the U.S. soon

The Commodity Futures Trading Commission chair believes that ether ($ETH) is a commodity instead of security. CFTC chair Heath Tarbert said he believes that ETH falls under the oversight of the CFTC and anticipated the CFTC allowing ether derivatives to trade on the U.S. market in the near future. “We've been very clear on bitcoin: bitcoin is a commodity. We haven't said anything about ether—until now,” Tarbert said at Yahoo Finance’s All Markets Summit. “It is my view as chairman of the CFTC that ether is a commodity.”