Commodity Futures Trading Commission (CFTC) 

The Commodity Futures Trading Commission (CFTC) is an independent regulatory agency of the United States government that regulates futures and option markets. Its mission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. The CFTC oversees the trading of futures contracts, swaps, and other derivatives on commodities, including energy, metals, agricultural products, and financial instruments such as stock indices and currencies.

The CFTC was created in 1974 as a successor to the Commodity Exchange Authority. It is headquartered in Washington, D.C., and has regional offices throughout the United States. The agency is composed of five Commissioners, who are appointed by the President of the United States and confirmed by the Senate. The Chairman of the CFTC is designated by the President from among the Commissioners.

The CFTC's primary responsibility is to protect market participants and the public from fraud, manipulation, and abusive practices related to the sale of futures and options contracts. It does this by registering and regulating the activities of commodity trading advisors, commodity pool operators, futures commission merchants, swap dealers, and other market intermediaries. The CFTC also conducts market surveillance to detect and deter market manipulation and other misconduct, and it has the authority to bring enforcement actions against violators of its rules.

In the context of cryptocurrency, the CFTC has been involved in regulating Bitcoin futures trading on regulated exchanges such as the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). The CFTC has also brought enforcement actions against cryptocurrency exchanges and companies for alleged fraud and other violations of its regulations.

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