Commodity Futures Trading Commission (CFTC) Beginner's Guide
CFTC is an independent government agency responsible for regulating the derivatives markets in the United States. It focuses on maintaining market transparency and soundness, and preventing fraud, manipulation, abuse, and systemic risk.
CFTC What is it
Commodity Futures Trading Commission (CFTC) was established in 1974 and is an independent U.S. regulatory agency responsible for overseeing the derivatives markets nationwide, including financial products such as futures contracts, options, and swaps. It assumed relevant responsibilities for commodities trading administration that had previously belonged to the U.S. Department of Agriculture.
How does regulatory work unfold
Early derivatives trading mainly focused on agricultural products, but it has now expanded to a wide range of commodities and financial contracts.CFTC's responsibilities are to promote open, transparent, competitive, and financially sound markets, reduce systemic risk through regulation, and combat fraud, manipulation, and abuse.
Relationship with SEC and digital assets
CFTC and the Securities and Exchange Commission (SEC) both focus on market fraud and manipulation, but each regulates different areas of the market. In the United States, derivatives related to digital assets may fall under the jurisdiction of CFTC; however, the specific division of responsibilities depends on the legal classification of the product and may change as regulatory rules are adjusted.
Original Tutorial
https://www.binance.com/zh-CN/academy/glossary/commodity-futures-trading-commission
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