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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...

E-mail. you're 150% correct. >> that's one problem. the other problem is regulators are paying attention to what congress is doing, what's in the media. for example, we have -- as one specific example commissioner weegan of the cftc, there's a rule out about -- we're trying to bring more transparency to the over-the-counter derivatives market, so a swap execution facility and there's debate at ftc, how many prices do you need to ask for? you think about internet shopping, the more prices you get, the cheaper the deal. if you just call a store you get a pretty bad surprise. used to be they woul...