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????????? ????Stacks????????????The Commodity Futures Trading Commission (CFTC) is the primary regulator responsible for overseeing commodity derivatives markets in the United States. The CFTC. The CFTC first defined digital currencies as commodities under the CEA in settlement of the enforcement action In the Matter of Coinflip, Inc, d. Commissioner Caroline Pham is outlining a �time-limited� program to start allowing regulated crypto markets and tokenization.