The US Commodity Futures Trading Commission (CFTC) has expressed a desire to learn more about Ethereum and its underlying technology, as well as about the markets that have been created around it. It is reported by CoinDesk .
In a request for relevant information published on Tuesday, December 11, the regulator explains that it wants to receive public comments on various questions regarding Ethereum – from technology to its application. CFTC took 60 days to provide answers, you can send answers either by e-mail or by regular mail, or you can transfer it physically.
“The CFTC expects the comments and information received to benefit LabCFTC, the CFTC fintech initiative, and will help the Commission better understand these promising technologies,” the press release said .
In the request for information, it is noted that these answers will also help the department to get a better idea of how exactly Ethereum-market should be regulated, as well as the derivatives markets associated with cryptocurrency.
“The information received on this request will help the CFTC ensure the integrity of the derivatives markets, as well as help monitor and reduce systemic risks by increasing legal certainty. The purpose of the request is to understand the similarities and differences of various virtual currencies, including Ethereum and Bitcoin, as well as the inherent capabilities, challenges and risks of Ethereum, ”it says.
The document contains 25 different questions about Ethereum and its network, divided into categories such as its goal, underlying technology, markets, surveillance, and cybersecurity and custodial solutions.
The issues themselves touch upon such topics as, for example, the forthcoming transition of Ethereum to the proof-of-stake algorithm, problems of scalability, the current use of the network, the ability to audit deposits at ETH, etc.
One of the questions, for example, is:
“How does the introduction of Ether's derivative contracts potentially change or modify the [financial] incentive structures that underlie the proof-of-stake model?”
The following questions in more detail affect the possible influence of the Ethereum market on the derivatives market built on top of it – and vice versa.
Recall that at the end of November, LabCFTC, the research division of the CFTC, published the official guide on smart contracts, pointing out their benefits and risks.
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