Is Bitcoin a "futures contract?" Maybe. A futures contract is not defined in the CEA specifically, but it has been defined in the courts as a commitment to deliver or receive an asset - including U.S. dollars - in the future at a pre-agreed price.
Since you can't eat [gold] when hungry, or wear it when cold, or cuddle under it in the rain, what "protection" does it provide? Because it does not pay interest or dividends, why should one prefer it over investments that do?
Throughout the Dodd-Frank Act's creation, swap users and dealers insisted that swaps are sufficiently distinguishable from futures and options and that they should be addressed separately, so they were. Look where we are now.
Commissioner Bart Chilton of the Commodity Futures Trading Commission has been quoted as saying that it is "the most complicated undertaking [by the agency] in the past three years." Quiz: what was he referring to?
Suppose you were driving a car that careened toward a cliff and stopped as it went half on, half off the edge and swayed. Enter Ben Bernanke, or any of his several successors. The White House posts its offering: Fed chairman to replace dangling driver wanted.