CFTC

Definition ∞ The CFTC is a United States government agency that regulates the derivatives markets, including futures and options. Its mandate is to protect market users and the public from fraud, manipulation, and abusive practices. The agency oversees the operations of exchanges, clearinghouses, and market participants to ensure market integrity.
Context ∞ In the cryptocurrency domain, the CFTC’s pronouncements and enforcement actions are closely watched, particularly concerning the classification of digital assets as commodities. The agency’s stance on the regulatory status of various cryptocurrencies and derivatives built upon them significantly influences market development and investor confidence. Ongoing debates involve the extent of its jurisdiction over decentralized finance protocols and digital asset exchanges.