CFTC allows its employees to invest in cryptocurrencies after 'numerous' inquiries
Under CFTC's guidelines, workers can trade cryptocurrencies as long as they don't buy them on margin or have inside information gleaned from their jobs, Bloomberg reports.
However, investing in Bitcoin futures that the CFTC polices is barred.
Though, comparing that with regulations employed by the SEC - where they mainly regulate ICOs, employees at the SEC cannot invest in said cryptocurrencies until 7 days after the ICO and it is also a requirement for them to pre-clear all their trades; which is something the CFTC doesn't require.
I don't think it'll do much to skew regulatory decisions per se (if it did, surely it will raise a few eyebrows), but it is something interesting to note that the very people sitting on the regulatory table could be the same people trading said cryptocurrency as well.
How ethical is that is the real question, but the CFTC has decided that it is fine... well, until something comes up that is.
