CFTC — Commodity Tokens, DeFi Enforcement, and the $10 Trillion Derivatives Market
The CFTC regulates commodity tokens including Bitcoin and Ethereum, has conducted landmark DeFi enforcement actions including the Ooki DAO case, and would receive expanded jurisdiction over digital commodities under FIT21.
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.