Commodity Futures Trading Commission (CFTC)

The Commodity Futures Trading Commission (CFTC) is an independent agency of the U.S. government that regulates the U.S. derivatives markets, which includes futures, swaps, and certain types of options. The CFTC's mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. In recent years, the CFTC has also played a role in the oversight of the cryptocurrency market, as it considers certain cryptocurrencies, particularly Bitcoin, as commodities. This has implications for cryptocurrency exchanges and other platforms that offer futures or derivatives trading on cryptocurrencies. In an accounting context, understanding CFTC regulations is crucial for any business involved in derivatives trading, including those involving cryptocurrencies.