What Is the Role of CFTC in Crypto?

The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that regulates futures and options markets. In cryptocurrency, the CFTC has jurisdiction over derivatives and other financial products based on digital assets, such as Bitcoin and Ethereum. A practical example of the CFTC's role in cryptocurrency would be its oversight of companies that offer Bitcoin futures contracts. These contracts allow traders to speculate on the future price of Bitcoin and are traded on regulated exchanges…