Digital Commodities
CFTC and Digital Commodities: How the Futures Regulator Became a Crypto Arbiter
The Commodity Futures Trading Commission has expanded its digital asset jurisdiction through enforcement, legislation, and rulemaking — becoming a central player in US crypto regulation alongside the SEC.
FIT21 (Financial Innovation and Technology for the 21st Century Act)
The 2024 House-passed legislation that established the decentralization test for crypto classification, gave the CFTC jurisdiction over digital commodity spot markets, and became the legislative foundation for the CLARITY Act.
FIT21: The Digital Asset Market Structure Act That Changed American Crypto Law
FIT21 — the Financial Innovation Technology for the 21st Century Act — passed the House 279-136 in May 2024. The first major US crypto bill to pass a chamber, it became the template for the CLARITY Act.