Newsflash: CFTC Staff Aligns with SEC Position on Initial Coin Offerings: Tokens May be Commodities

October 20, 2017

The U.S. Commodity Futures Trading Commission’s (CFTC) LabCFTC office on October 17, 2017 issued A CFTC Primer on Virtual Currencies (Primer) indicating, among other things, that certain initial coin offerings (ICOs) within the United States or affecting U.S. residents may be within the CFTC’s jurisdiction.

The Primer follows an investigative report (The DAO Report) and a number of warnings to issuing companies, promoters and investors released by the U.S. Securities and Exchange Commission (SEC) over the past four months related to ICOs.

Read "CFTC Staff Aligns with SEC Position on Initial Coin Offerings: Tokens May be Commodities."