Yesterday Dawn Stump, one of the Commissioners at the U.S. Commodity Futures Trading Commission (CFTC) published a paper to clarify the CFTC’s role in regulating digital assets. She noted that these were her views and not necessarily those of other commissioners.
While many might believe that the CFTC regulates commodities, it does not. So while Bitcoin has been considered a commodity, it is not the regulator for the Bitcoin cryptocurrency (although there’s quite a big ‘but’). It is the regulator for derivatives such as futures and options.
And not just derivatives based on commodities. So if a derivative is based on a digital asset that is a security, it could also come under the CFTC’s purview.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
