Commodity Exchange Act (CEA)
The Commodity Exchange Act grants the CFTC jurisdiction over commodity futures, swaps, and options — including derivatives on tokenized commodities and, under court rulings, spot Bitcoin and Ethereum markets for fraud purposes.
Tokenized Commodities
Tokenized commodities — from PAXG (gold) to energy credits — represent physical commodity ownership on-chain, enabling fractional ownership, 24/7 trading, and programmable derivatives without traditional storage and logistics challenges.