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Monday, December 21, 2020 Virtual Currencies as Commodities In recent years, the U.S. Commodity Futures Trading Commission (CFTC or the Commission) has taken a role as one of the regulators of cryptocurrency in the United States. In this article, we review the CFTC’s regulatory and enforcement approach in this space. In December 2014, the CFTC stated that virtual currencies are encompassed under the definition of a “commodity” in the Commodity Exchange Act (CEA), and thus subject to its jurisdiction. [1] Nine months later, in September 2015, the CFTC brought its first enforcem...

Any. virtual currencies might be a fringe play elsewhere, south korea, their mainstream. millions of people buy it, cash it in. it's every day banking for every day people none more enthusiastic than college students. he's in between classes checking his virtual currency portfolio. he's made thousands of dollars already. >> it's like the stock market but 100 times faster. >> reporter: is it more addictive? >> definitely. the emotions related to it, it's more inflated than what you get in a normal stock market because it's on 24/7. you have to be constantly on the radar of what's going on. >> r...

All right. we are going to turn briefly to the economy and the bitcoin battle for survival. cnbc's morgan brennan is here with what's moving your money. what's going on with this mysterious money causing such an uproar? >> thanks, ari. mysterious is right. even more fire than usual this week, thanks to the sudden collapse of tokyo-based mt.gox, one of the biggest bitcoin exchanges, or used to be. mt.gox's website went blank on monday amid rumors of bankruptcy. yesterday it issued a statement saying it decided to, "close all transactions for the time being." the problem is, an estimated 744,000...