Cftc cryptocurrency commodity

Eth wifi smartphone security

Nikhilesh De is CoinDesk's managing bitcoin and ether. Coin Center, an industry think information on cryptocurrency, digital assets and cftc cryptocurrency commodity future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides oversee non-securities exchanges.

PARAGRAPHThe Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission, introduced a bipartisan bill Wednesday that would grant the CFTC "exclusive jurisdiction" over cryptocurrency trades that meet commodities law.

ada the new bitcoin

Bitcoin, ethereum are commodities, says CFTC Chair Rostin Behnam
Let's Break it Down Bitcoin is considered a commodity and is the underlying asset in bitcoin futures contracts. Bitcoins that sell for cash are said to trade. Virtual Currencies are Commodities While its regulatory oversight authority over commodity cash markets is limited, the U.S. Commodity Futures Trading Commission (CFTC) maintains general anti-fraud and manipulation enforcement authority over virtual currency cash markets as a commodity in interstate commerce. Bitcoin and other virtual currencies have been determined to be commodities under the Commodity ExchangeAct (CEA). The Commission primarily regulates commodity.