The CFTC has initiated a number of enforcement actions related to crypto and has particularly been focused on exchanges that offer crypto derivatives to U.S. persons and are not registered with the CFTC.
What does CFTC stand for?
The Commodity Futures Trading Commission (CFTC) is a federal government agency that regulates the derivatives markets. This includes oversight of options and futures on agricultural products, metals, foreign exchange, and the exchanges on which they trade.
Can CFTC and SRO fill gaps in crypto regulation?
Former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad said current gaps in crypto regulationcan be filled if the Securities and Exchange Commission (SEC) and the CFTC come together to form a self-regulatory organization (SRO).
What is the difference between the SEC and CFTC?
The SEC oversees the securities markets including stocks and bonds while the CFTC’s purview is in commodities futures such as agriculture and metals. The CFTC has taken a role in crypto because exchanges such as the CME have active futures markets in bitcoin (BTC) and ether (ETH).
