CFTC Requests Feedback for Consultation on Crypto Mechanics Including Underlying Tech for Ethereum

The Commodity Futures Trading Commission (CFTC) has launched a public consultation today seeking feedback on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin. The CFTC said the consultation will better inform the Commission’s understanding of the markets for virtual currencies.

In a Request for Information (RFI) the CFTC is asking for public comment on a range of questions related to the “underlying technology, opportunities, risks, mechanics, use cases, and markets, related to Ether and the Ethereum Network.”

Once the RFI is published in the Federal Register, the consultation will be open for 60 days.

The RFI also seeks to understand the similarities and differences between Ether and Bitcoin. Ethereum is the platform that launched the initial coin offering rave due to the ability to issue bespoke tokens and smart contracts.

The CFTC said the comments received will benefit LabCFTC, the CFTC’s Fintech initiative, and help to inform the Commission’s understanding of these emerging technologies.

CFTC RFI on Crypto Assets federalregister121118

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