ITS President said that the approval of the regulators that the Ethereum, along with the bitcoin not a security, increases the chances of approval by regulators, futures contracts on Ethereum.

14 June William Hinman, head of corporate Finance of the SEC, has officially stated that bitcoin and Ethereum do not fall under the definition of “securities” and will not be governed by the securities laws, putting an end to the lasting uncertainty over these assets. Of course, the market immediately reacted to this statement.

The total market capitalization of crypto-currencies increased by $ 20 million, and the market rose nearly 7% in a few hours after the news, according to CoinMarketCap. Prices are mentioned assets grew by 5% and 11% on bitcoin and Ethereum, respectively.

The head of CBOE Global Markets Inc. Chris Concannon also expressed optimistic position regarding the statement:

“We are encouraged by the intention of the SEC to clarify the situation with Ethereum… the Announcement has removed a key constraint to launch Ethereum futures that we examined since the launch of the first bitcoin futures December 2017 year”

Chris Concannon stressed that the position of the SEC increases the chances of approval by the regulator the Ethereum futures.

Analyst and CNBC Fast Money trader Brian Kelly, after the statement, published on Twitter the following post:

“The CBOE said that the comments the SEC has eliminated the obstacles for running the Ethereum futures”

However, not all members of the community believe this is a good sign. Comments for publication Kelly show that cryptomnesia concerned about a possible decline in prices for Ethereum, given the drop in bitcoin after launching a bitcoin futures.

In may, the Federal reserve Bank of San Francisco suggested that the depreciation of bitcoin after a peak at $20 000, was the result of the launch of futures on the asset. The head of the analytical company Fundstrat’s Thomas Lee also said that the current fall in the price of bitcoin (BTC) can be associated with the expiration of the repayment bitcoin futures.