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The Commodity Futures Trading Commission (CFTC) Market Risk Advisory Committee is set to convene on January 31st to examine the self-certification process used by trading houses like CBOE and CME. The meeting may indicate regulators' desire for greater oversight for bitcoin contracts.
"As a Federal market regulator, the CFTC is cognizant of the considerable risks of virtual currencies like Bitcoin. In addition to the nascent stage of the technology itself, risks associated with virtual currencies include: operational risks of unregulated and unsupervised trading platforms; cybersecurity risks of hackable trading platforms and virtual currency wallets; speculative risks of extremely volatile price moves; and fraud and manipulation risks through traditional market abuses of pump and dump schemes, insider trading, false disclosure, Ponzi schemes and other forms of investor fraud and market manipulation."
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