Bitcoin Futures Regulator In Us Allows Cryptocurrency Trading For Employees
The US Commodity Futures Trading Commission (CFTC) has reportedly given the full go-ahead to its employees trading crypto.
According to Bloomberg’s report, the bitcoin futures regulator CFTC supports workers trading on digital tokens as long as they don’t buy them on margin or use insider information, though futures products of a similar nature are prohibited.
The CFTC welcomed bitcoin futures market last December, such as Chicago Board Options Exchange (Cboe) and Chicago Mercantile Exchange (CME), introducing the world’s most popular digital currency bitcoin to the big investors.
Mr. Schmidt sources CFTC’s Daniel J. Davis, who reminded, that Congress has entrusted the Commission with key responsibilities and I intend to assist the Commission with the various legal issues it must address in fulfilling those responsibilities. A memo by Mr. Davis mere weeks ago reportedly addressed “numerous inquiries” from employees about their ability to dabble in cryptocurrencies.
Mr. Giancarlo around the same time became something of a folk hero within the ecosystem for his feeling responses at, of all places, a US Senate Committee on Banking public hearing. He asked lawmakers take into consideration the next generation’s affinity for decentralized currency. Evidently that view flows to those under his employ.