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Episode 60: Power Laws with Larry LepardThe Securities and Exchange Commission regulates assets it determines to be securities. It doesn't yet regulate Bitcoin, but it is regulating. Yes, virtual currencies, such as Bitcoin, have been determined to be commodities under the Commodity. Exchange Act (CEA). Does the CFTC oversee Bitcoin? The. The legislation went into effect on September. 7th, With El Salvador being the first country in the world to formally make Bitcoin a legal tender it is.