Commodity

A commodity, in US law, is far broader than a physical good: the Commodity Exchange Act's definition reaches most things underlying a futures contract, which is how bitcoin came within CFTC authority.

instruments and markets · updated 2026-09-08

See also

• Security — A security is a tradable financial instrument that falls within the statutory definition — stocks, bonds, options and investment c…
• Futures contract — A futures contract is a standardised agreement to buy or sell an asset at a set price on a set future date, traded on a designated…

Terms that refer here

Futures contract · Security

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