The CFTC officially authorized its employees to trade cryptocurrencies, but maintained its ban on participation in the future Bitcoin, Bloomberg Reports Wednesday 28 February.

The regulator, who, with the Securities and Exchange Commission (SEC) oversees the legislation on assets and products nationwide, report that they made the decision earlier on what month.

The CFTC's Chief Advocate, Attorney General Daniel Davis, wrote in a memo to staff on February 5 that, in response to "numerous inquiries [sic]", they could freely engage in cryptocurrency trading. Futures products, which the CFTC began to regulate after giving them the green light in December, would still be against the rules.

"In this environment, the situation is torn apart For the public to question the personal ethics of employees who engage in cryptocurrency transactions," Bloomberg quotes Davis as The memo continues:

"Please keep in mind that you must strive to avoid any action giving the Appearance of violating the law or the government and commanding ethical standards. "

CFTC President, J. Christopher Giancarlo, joined the President of the SEC Jay Clayton for a cryptocurrency hearing on February 6, in which regulators continued their policy of non-intervention.

In response to the question of whether newly released CFTC traders could contribute to shape this policy, the spokesman for Giancarlo, Er ica Richardson, said: