Commodity Futures Trading Commission (CFTC)

The Commodity Futures Trading Commission (CFTC) is a US federal regulatory agency that oversees the derivatives markets, including futures, swaps, and options. In the crypto space, the CFTC has classified certain cryptocurrencies (notably Bitcoin and Ethereum) as commodities, giving it jurisdiction over crypto derivatives trading. The CFTC has taken enforcement action against unregistered crypto exchanges and fraudulent schemes.