[5] After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion-dollar swaps market.

[citation needed] The CFTC's mandate was renewed and expanded in December 2000 when Congress passed the Commodity Futures Modernization Act of 2000, which instructed the Securities and Exchange Commission (SEC) and the CFTC to develop a joint regulatory regime for single-stock futures, the products of which began trading in November 2002.

[citation needed] In 2010, the Dodd–Frank Wall Street Reform and Consumer Protection Act expanded the CFTC's regulatory authority into the swaps markets.

[citation needed] The CFTC coordinates its work with foreign regulators, such as its UK counterpart, the Financial Conduct Authority, which supervises the London Metal Exchange.

[17] First, in a February 1998 comment letter addressing the SEC's "broker-dealer lite" proposal, the CFTC stated that the SEC's proposal would create the potential for conflict with the Commodity Exchange Act (CEA) to the extent that certain OTC derivative instruments fall within the ambit of the CEA and are subject to the exclusive statutory authority of the CFTC.

[citation needed] Shortly after Congress had passed this legislation prohibiting CFTC from regulating derivatives, Born resigned.

[citation needed] In October 2019, former CFTC Chairman Heath Tarbert, now Chief Legal Officer of Citadel Securities, declared that ether was also a commodity under the CEA.

[23] However, in view of market volatility and other factors, the CFTC noted several risks associated with trading virtual currencies.

[24] In 2017, the CFTC cited the US SEC's warning against digital token sales and initial coin offerings (ICOs) that can "improperly entice investors with promises of high returns".

[25] In recent years, the CFTC has expanded its efforts to civilly prosecute fraud and misappropriation in the digital asset markets.

[citation needed] Based in Washington, D.C., the CFTC maintains regional offices in Chicago, New York and Kansas City, Missouri.

[citation needed] The Commission consists of five Commissioners appointed by the President of the United States to serve staggered five-year terms.

The Division may, at the direction of the commission, file complaints before the agency's administrative law judges or in the U.S. District Courts.

On May 3, 2023, the Wall Street Journal Reports that Mr. Lavik was suspended by the CFTC as the Inspector General after an oversight body alleging "Substantial Misconduct".

During the government shut down in October 2013, SEC and Federal Reserve stayed open, but "futures and most swaps markets were left with essentially no cop on the beat".