Commodity Futures Trading Commission (CFTC) Definition

The Commodity Futures Trading Commission (CFTC) is a U.S. government agency that regulates the U.S. derivatives markets, including futures, forex, options, and swaps.

The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.

The CFTC looks to become the primary watchdog agency of the cryptocurrency market, at least in the U.S.

It won’t however, be tasked with deciding whether tokens are securities or commodities.

That will be left to the SEC.

Related Terms

Token

A Token is a digital asset that operates on a parent blockchain or on another digital asset’s blockchain because it doesn’t have a blockchain of its own. The term “token” also tends to describe almost all other cryptocurrencies other than Bitcoin and Ethereum, the two largest cryptocurrencies in existence today. Tokens have multiple purposes and use cases.

Securities and Exchange Commission (SEC)

The Security and Exchange Commission (SEC) is a U.S. government agency that’s responsible for regulating the securities markets and protecting investors. Securities include things like capital stock in a company, government and corporate bonds, certificates of deposit (CDs), and loans

XRP

XRP, launched in 2012, is the native currency that runs on the XRP Ledger (XRPL), a public, open-sourced, permissionless, and decentralized blockchain that anybody can contribute to or transact on. XRP is used on the XRPL, which is a payment settlement, asset exchange, and remittance network for global payments used by private financial businesses and […]

Sam Bankman-Fried (SBF)

At one point one of the richest people in crypto, Sam Bankman-Fried and cryptocurrency exchange FTX have come crashing down to earth in a matter of days following reporting that his Alameda Research hedge fund was undercapitalized and he allegedly took customer funds out of FTX illegally and funneled them to Alameda Research.

Total Supply

Total Supply refers to the total amount of coins or tokens of a specific cryptocurrency that have been created or mined, that are in circulation, including those that are locked or reserved. Coins that have been burned or destroyed should be subtracted from the total supply amount.