CFTC allows its employees to trade cryptocurrency

The United States Commodity Futures Trading Commission currently headed by Christopher Giancarlo is now allowing its employees to trade cryptocurrency, thus lifting the previously-existing ban on this type of economic activity.

But other prohibitions and restrictions for the CFTC team members are in place. For example, they are not allowed to trade Bitcoin futures (which the Commission regulates) and tell the information on the upcoming measures of this organization to anyone.

The current leader of the Commodity Futures Trading Commission has received appraisal from crypto fans after his successful speech in defense of the market of Bitcoin and other cryptocurrencies. For example, he correctly noted that the thing that backs Bitcoin is the resources spent on mining and vowed to work towards further consumer protection instead of mindless prohibitions of business opportunities.

Last year this organization managers had a major encounter with the market of Bitcoin when it became apparent that it will be their responsibility to monitor and control the trade of Bitcoin futures - contracts between two parties to buy and sell an asset at a certain price in the future.

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