The Head of the U.S. Commodity Futures Trading Commission Heath Tarbert at a recent Coindesk’s Invest conference in New York City expressed an opinion that the upcoming update for the Ethereum network may lead up to the classification of ethers as securities, Decrypt reports.
Tarbert claims the agency is considering carefully about the possible change of ETH to use the Proof of Stake (PoS) consensus mechanism.
"Mining is, by its very nature, more decentralized as compared to a stake which reduces energy costs by giving it just one validator or a line of validators," Tarbert said in response to a question whether ether 2.0 will be classified as securities.
In the meantime, iHodl reported that a crypto startup Tassat received the green light from the US Commodity Futures Trading Commission to launch physically-settled bitcoin swaps.
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