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From the CFTC's official website: "The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives market
by siftrics 2y ago
From the CFTC's official website:
"The Commodity Futures Trading Commission is an independent U.S. government agency that regulates the U.S. derivatives markets, including futures, options, and swaps."
Also from their official website: 20 quadrillion per week in settled trades. Too lazy to look up the equities numbers, but I would bet everything I own it's lower.
Also from the CFTC's website:
"Bitcoin is considered a commodity and is the underlying asset in bitcoin futures contracts… Bitcoin futures contracts — like other commodity futures contracts such as corn futures, market index futures, or gold futures — are regulated by the CFTC and must trade on CFTC-regulated exchanges."
- JumpCrisscross 2y agoSEC regulates securities-based derivatives. I used to professionally make markets in those. SEC and CFTC are both claiming jurisdiction over Bitcoin.