Editing Commodity Futures Trading Commission (section)

===Regulating digital currencies===
In March 2014 the CFTC acknowledged it was considering the regulation of Bitcoin.<ref>{{cite news|title=U.S. swaps watchdog says considering bitcoin regulation|url=https://www.reuters.com/article/us-bitcoin-regulation-idUSBREA2A1W020140311 |access-date=March 11, 2014|newspaper=Reuters.com|date=March 11, 2014}}</ref> The CFTC has since taken the position that Bitcoin is a commodity under the CEA.{{citation needed|date=September 2024}} In October 2019, former CFTC Chairman Heath Tarbert, now Chief Legal Officer of [[Citadel Securities]], declared that ether was also a commodity under the CEA.<ref>{{Cite web|url=https://finance.yahoo.com/news/cftc-says-cryptocurrency-ether-is-a-commodity-and-is-open-to-ether-derivatives-133455545.html|title=CFTC says cryptocurrency ether is a commodity, and ether futures are next|website=finance.yahoo.com|language=en-US|access-date=2019-10-20}}</ref>

In 2015, the CFTC ruled that for purposes of trading, cryptocurrencies were legally classified as commodities.<ref>{{cite web |title=A CFTC Primer on Virtual Currencies |url=https://www.cftc.gov/sites/default/files/idc/groups/public/documents/file/labcftc_primercurrencies100417.pdf |website=U.S. Consumer Commodities Trading Commission |publisher=U.S. Government |access-date=7 February 2019}}</ref> However, in view of market volatility and other factors, the CFTC noted several risks associated with trading virtual currencies.<ref>{{cite web |title=Understand the Risks of Virtual Currency Trading |url=https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_urvct121517.pdf |website=Commodities Futures Trading Commission |access-date=16 November 2018}}</ref> In 2017, the CFTC cited the US SEC's warning against digital token sales and initial coin offerings (ICOs) that can "improperly entice investors with promises of high returns".<ref>{{cite web |title=Investor Bulletin: Initial Coin Offerings |url=https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings |publisher=US Securities and Exchange Commission |access-date=16 November 2018}}</ref> In recent years, the CFTC has expanded its efforts to civilly prosecute fraud and misappropriation in the digital asset markets.{{citation needed|date=September 2024}}