The Commodity Futures Trading Commission and Securities and Exchange Commission rely on the Commodity Futures Modernization Act of 2000 and a March 11 Memorandum of Understanding to coordinate oversight of security futures products

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.