Bitcoin-Futures Regulator Clears Employees to Trade Crypto Coins
- CFTC allows investments after ‘numerous’ employee inquiries
- Critics say agency’s move could lead to lax oversight
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The U.S.’s main commodities regulator recently told its employees that they are allowed to invest in cryptocurrencies, a determination that came weeks after the agency began overseeing Bitcoin futures.
Under the Commodity Futures Trading Commission’s ethics guidance, workers can trade digital tokens as long as they don’t buy them on margin or have inside information gleaned from their jobs. Investing in the Bitcoin futures that the CFTC polices, however, is barred.