Heath Tarbert, CFTC chairman: Ether is a commodity and falls under our jurisdiction

In a conversation with Yahoo Finance, Heath Tarbert, chair of the CFTC, discusses the CFTC's stance on bitcoin and cryptocurrencies and announces that ether is a commodity that falls under the CFTC's jurisdiction. "I want the US to lead in crypotocurrency," he said. He discusses the differences between bitcoin and ether but notes that both are commodities.