Just as the bitcoin futures become a thing, US Commodity Futures Trading Commission (CFTC) fires up a website in hopes of educating general public about cryptocurrencies and digital assets in general. The site features a variety of materials and links, such as CBOE and CME Group futures launch dates and CFTC own releases, like an October primer about CTFC siding with US SEC on the matter of ICO tokens being commodities.
The press release about the website states that financial technologies have the potential for significant, if not transformational impact on markets regulated by the Commission, and even the agency itself. One of the recent marketplace developments, which proved this point, is the rise in the prominence of virtual currencies, especially Bitcoin.
The release probably represents the trend of normalization and acceptance of Bitcoin in the eyes of the agency. In 2015 CFTC classified Bitcoin as a commodity, and now, the CFTC's chief commented, that even up to this day Bitcoin is still an unusual kind of commodity by any old standard. And today, when the same challenge is presented to SEC, the CFTC aims to support its fellow government branch.