What Is the Role of the CFTC and SEC in Regulating Crypto Derivatives and Market Manipulation?
The Commodity Futures Trading Commission (CFTC) primarily regulates commodity derivatives, including futures and options on cryptocurrencies it deems commodities (like Bitcoin and Ether). The Securities and Exchange Commission (SEC) regulates crypto assets it deems securities and related derivatives.
Both agencies have pursued enforcement actions against market manipulation, including front-running, when it involves products or entities under their respective jurisdictions, emphasizing fair trading practices.