Should the CFTC regulate crypto?

Market turbulence has renewed debate over federal regulation of crypto. Katten’s Gary DeWaal says the Commodity Futures Trading Commission and the Securities and Exchange Commission should keep regulating crypto assets and activities under existing law, and the CFTC needs exclusive authority over the spot market in new legislation.

Does the CFTC regulate digital assets?

Regulation of digital assets, including the CFTC’s role, is also explained in this primer. 12/2020 The Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products and the Cantor Exchange self-certified a new contract for bitcoin binary options.

What does the CFTC regulate?

In advancing that mission, the CFTC regulates key participants in the derivatives markets, including boards of trade, futures commission merchants, introducing brokers, swaps dealers, major swap participants, retail foreign exchange dealers, commodity pool operators, and commodity trading advisors pursuant to the Commodity Exchange Act (CEA).