National Futures Association (NFA) is the self-regulatory organization for the U.S. futures and derivatives industry and derives its authority as a registered futures association by designation from the Commodity Futures Trading Commission (CFTC). On March 29, 2023, NFA adopted Compliance Rule 2-51 (Rule 2-51), which took effect May 31, 2023. Rule 2-51 expands the scope of NFA’s authority over NFA members (Members) and associate members (Associates) engaging in spot or cash transactions in “digital asset commodities.”
NFA Expands its Authority over Cryptocurrencies
