The CFTC's federal complaint argues that the Commodity Exchange Act preempts Utah's gambling, election-betting, and public nuisance laws regarding event contracts traded on CFTC-registered exchanges

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

Ongoing legal fight over which digital assets count as securities under investor-protection law and which are commodities, determining whether the SEC or CFTC oversees them.