The CFTC operates under the statutory framework of the Commodity Exchange Act (CEA),2 a law that was originally passed in 1936 but has been amended several times since.

America has gotten complacent. It has confused the Internet boom with the crypto boom, assuming that because we won one, we will win the other.

If we act now, we can make sure that democratic values—freedom of speech, individual economic privacy, free enterprise, and free capital markets—are encoded in the digital future of money.

Derivatives: A Story of Financial and Environmental Innovation

This wave will do to currency, financial instruments, and economic activity what the Internet of Information did to knowledge: reduce costs, increase speed, transcend barriers, improve accessibility, enhance certainty, and decrease bottlenecks to instantaneous transactions across the globe.

Many restaurants use the “Delmonico's” name. The original and, I believe, the best is at 56 Beaver Street in lower Manhattan

We must harness this unstoppable wave of digital money—the Internet of Value—to advance greater economic inclusion, financial and economic freedom, and human aspiration for generations to come.

Leo Melamed, Man of the Futures: The Story of Leo Melamed & the Birth of Modern Finance

Crypto is not just a technology; it is a movement. One that offers the possibility of greater choice, independence, and opportunity for all. It can achieve things that our current systems can't even begin to contemplate.