The CFTC discusses first Bitcoin swap listed on a CFTC-regulated platform and Bitcoin regulation generally with panel of industry participants.

The Global Markets Advisory Committee (GMAC) of the U.S. Commodity Futures Trading Commission (CFTC) held an open meeting on October 9, 2014 regarding crypto-currency developments as they relate to the CFTC and the markets it regulates. CFTC Chief Counsel David Van Wagner and CFTC Associate Director Thomas Leahy delivered remarks at the meeting, which also convened a panel of industry participants, including: Leonard Nuara of TeraExchange, Tim Byun of BitPay (a Bitcoin payment processor), Jerry Brito of the Coin Center (a non-profit research and advocacy group) and Houman Shadab (a New York Law School professor and industry commentator).

Only one day earlier, TeraExchange, a swap execution facility (SEF) regulated by the CFTC, began offering for trading the first Bitcoin swap to be listed on a CFTC-regulated platform.