Dollar declines in forex markets as midterm elections on the horizonDollar declines in forex markets as midterm elections on the horizonDollar declines in forex markets as midterm elections on the horizon

CFTC Chairman Heath Tarbert has said in an interview that he thinks ether is a commodity. Ethereum is the worlds second-largest cryptocurrency behind Bitcoin.Mr Tarbert said he believes ether is not a security when speaking at the Yahoo! Finance All Markets Summit. In a strong opening statement Tarbert said he wants America to lead in the game of blockchain he then went on to say:“We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether – until now,” Tarbert said. “It is my view as chairman of the CFTC that ether is a commodity.”In May, a senior CFTC official confirmed in a report with CoinDesk that the agency was ready to approve an Ethereum futures contract if it met the correct conditions. There are also plans to introduce a BTC options contract too. Tarbert went on to say:“It stands to reason that similar assets should be treated similarly. If the underlying asset, the original digital asset, hasn’t been determined to be a security and is therefore a commodity, most likely the forked asset will be the same. Unless the fork itself raises some securities law issues under that classic Howey Test.”So there you have it Ether is a Stock Global broker reviews commodity and will be on the CME exchange product list soon. Ethereum has moved higher in the last couple of hours but in general over the session is broadly flat. Sentiment in crypto’s is mixed today after the SEC rejected the latest EFT proposal from Bitwise.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .