Ethereum Futures: CBOE President Says (ETH) Futures Can Happen After SEC's Ether Not Security Ruling

Given the gravity of yesterday's news regarding the SEC clarifying “Ethereum is not a Security“, the CBOE Global Markets has had some quick responses regarding the potential of opening up Ethereum Futures.

While nothing is absolute or final yet, the air does appear to have been cleared in regards and respect to the SEC's positioning on Ethereum's native token and currency, Ether (ETH).

Yesterday the entire crypto-universe was on fire and had their twitter fingers going crazy, after news broke about William Hinman’s, the SEC’s director of corporate finance, announcement concerning Ethereum not being classified as a security in today's climate (although might have been when first launched back in 2014).

His exact statement regarding this was, “the ethereum network and its decentralized structure, current offers and sales of ether are not securities transactions.” Further adding, “if there is a centralized third party, along with purchasers with an expectation of a return, than it is likely a security… The key here of course being that Ether is decentralized.”

Based on his comprehension of the technology and how it operates, he declaimed that the current offers and sales of Ethereum are not securities transactions. While this is not an official statement from the SEC itself, it is a huge breakthrough in what the community is trying to understand. We now have clarity on one of the most pressing issues this space has experienced.

Today, as a result of yesterday’s discussion, Chris Concannon, the president and COO of the CBOE, said: “The CBOE is pleased with the SEC’s decision to provide clarity around the issue [whether ETH is a security].” He went further by saying: “This announcement clears a key stumbling block for ether futures, the case for which we've been considering since we launched the first bitcoin futures in December 2017.”

Here are a few key points made on twitter regarding the Ether Futures possibility:

Overall, with less ambiguity present regarding the digital asset [Ethereum], it appears we have inched closer to the CBOE offering Ethereum futures. As more information is uncovered on this topic, we will ensure to inform you all.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today