After receiving \u201cnumerous inquiries,\u201d the U.S. Commodity Futures Trading Commission (CFTC) has given its employees the go signal to invest in cryptocurrencies. In a Feb. 5 memo, CFTC general counsel Daniel Davis told agency staff that they can trade digital tokens like they would corn, oil, precious metals, and other commodities, according to a Bloomberg report. The decision, Davis said, was in response to the inquiries the regulator received from CFTC employees. The guidelines, however, warned CFTC employees against trading cryptocurrencies on margin as well as using inside information they picked up in the work at the agency, especially if the nonpublic information has the potential to impact the trade. Likewise, investing in the Bitcoin futures that CFTC regulates is also forbidden. \u201cIn this environment, the situation is ripe for the public to question the personal ethics of employees engaging in cryptocurrency transactions,\u201d Davis wrote, urging CFTC staff members to avoid actions that could result in them \u201cviolating the law or government and commission ethical standards.\u201d The commodities regulator first defined cryptocurrency as a commodity in 2014, effectively placing digital coins under the purview of the agency. At the time, CFTC\u2019s supervision are mostly enforcement actions against alleged fraud schemes\u2014the agency doesn\u2019t have authority to supervise cryptocurrency exchanges, which are regulated under state money transmitter laws. CFTC, however, has direct control of the U.S. cryptocurrency futures markets. In December, CFTC Chairman J. Christopher Giancarlo gave CME and CBOE the go signal to list Bitcoin futures contracts on their trading platforms. Giancarlo, who is known for his \u201crelaxed approach to cryptocurrency regulation, was reportedly among those who inquired about a CFTC ethics guidelines to ensure that there won\u2019t be a\u00a0 conflict of interest. \u201cThe chairman has made it clear that staff members who own Bitcoin should not participate in matters related to Bitcoin, as it presents a conflict of interest,\u201d Erica Richardson, spokeswoman for Giancarlo, told the news outlet.