This post originally appeared in The Derivatives and Repo Report, and can be accessed here.:

In this multi-part posting, we outline key considerations for investment funds and their advisers regarding the application of the U.S commodity laws to cryptocurrency derivatives.   Part 1 focuses on the status of cryptocurrencies as commodities and how that status relates to the jurisdiction of the U.S. Commodity Futures Trading Commission. 

The full post is available at our sister publication, The Derivatives and Repo Report, and can be accessed here.