Ethereum News Update
The Commodity Futures Trading Commission (CFTC) is not the hero investors asked for, but it’s the one they got when Chairman J. Christopher Giancarlo testified before the Senate Banking Committee.
Giancarlo struck a bullish tone on cryptocurrencies, saying that regulators should “do no harm” to private sector innovation. He presented himself and his colleague, SEC Chairman Jay Clayton, as friends of the cryptocurrency market.
Those comments reversed a market-wide crash in cryptocurrencies. ETH prices have rebounded by 33% since then, bringing the Ethereum to USD exchange rate to $835.00. Now they could receive another tailwind courtesy of the.
The post Ethereum Price Forecast: CFTC Event Could Bolster ETH Prices on Wednesday appeared first on Profit Confidential.