CFTC LedgerX Approval Is A Big Step For Bitcoin

By Daniel Nathan, Jason Somensatto and Jorge Pesok (July 27, 2017, 12:54 PM EDT) -- Bitcoin has taken an additional step toward legitimacy. On July 24, 2017, the U.S. Commodity Futures Trading Commission granted LedgerX LLC registration as a derivatives clearing organization (DCO) under the Commodity Exchange Act. The license authorizes LedgerX, an institutional trading and clearing platform, to among other things, trade and clear options on bitcoin.

While the CFTC explicitly stated in its release that its authorization "does not constitute or imply a Commission endorsement of the use of digital currency generally, or bitcoin specifically," this authorization is likely to be viewed by market participants as providing some much-desired legitimacy to bitcoin through regulation. According...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!