Who Regulates Cryptocurrencies In The US? CTFC Looks Into Flash Crash

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Mark Melin
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Which US regulator is in charge of monitoring cryptocurrencies? That issue came to the fore as the Commodity Futures Trading Commission is apparently investigating a June 21 “flash crash” in the cryptocurrency Ether, according to a Bloomberg report.  A top regulatory lawyer doesn’t see the regulator jurisdiction issue as a binary outcome, however. The CFTC is formally asking Coinbase’s  GDAX, a popular digital-coin exchange, to explain how a cryptocurrency on the exchange could fall from $317.81 to $0.10 in a matter of milliseconds before recovering, Bloomberg reported, citing two people familiar with the matter. [dalio]   After the crash, GDAX…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.