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The Commodity Futures Trading Commission does not regulate commodities, only commodity futures (and swaps, and options, and other derivatives).

• Animats 5y ago
  That is not entirely correct.[1] The CFTC has authority to investigate frauds which affect commodity markets in which futures trading exists, and they have used this with regard to Bitcoin. "Examples of Prohibited Activities: Price manipulation of a virtual currency traded in interstate commerce.", writes the CFTC. One could, for example, trade some art object at a grossly inflated price between two parties that are secretly cooperating. That's a "wash sale". Do that in a US-traded stock, and the SEC will go after you. Do that in a US-traded commodity, and the CFTC will go after you. Do that in a NFC, and you're probably legal. This is very convenient. [1] https://www.cftc.gov/sites/default/files/idc/groups/public/%40customerprotection/documents/file/labcftc_primercurrencies100417.pdf https://www.cftc.gov/sites/default/files/idc/groups/public/%...
  • heartbeats 5y ago
    Art is not a commodity; there is no futures trading on art.
    • Animats 5y ago
      Unfortunately, there is. There are "art funds"[1] and "art fund derivatives". Now, with NFTs, there's more of this. [1] https://itsartlaw.org/2015/05/19/art-investment-funds-intro/ https://itsartlaw.org/2015/05/19/art-investment-funds-intro/