On September 17, 2015, the U.S. Commodity Futures Trading Commission (CFTC) officially declared Bitcoin a commodity, a distinction that eight years later continues to set it apart from other cryptocurrencies that have yet to earn this status.
While regulatory uncertainty still looms over other more centralized, digital assets, the CFTC’s classification of Bitcoin as a commodity established a regulatory framework for Bitcoin, one that allows it to be treated like other classical commodities including gold and precious metals.
In its ruling, the CFTC stated that Section 1a(9) of the CEA defines commodity to include „all services, rights, and interests in which contracts for future delivery are presently or in the future dealt in.”
„The definition of a 'commodity’ is broad… Bitcoin and other virtual currencies are encompassed in the definition and properly defined as commodities,” the agency wrote at the time.
The U.S. Securities and Exchange Commission (SEC), under the leadership of
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