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CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives

CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives

CFTC Commissioner Dawn D. Stump has given several clarifications that show the agency has powers to regulate cryptocurrencies.

US CFTC Holds Meeting on Stablecoins Joined by Paxos, MakerDAO and JPM Coin Executives

US CFTC Holds Meeting on Stablecoins Joined by Paxos, MakerDAO and JPM Coin Executives

The United States Commodity and Futures Trading Commission (CFTC) held a meeting earlier this week to study the potential impact of the stablecoin industry. The derivatives regulator met with stablecoin industry experts to understand its future implications.

SEC to Amend Reporting Standards for Hedge Funds Alongside CFTC

SEC to Amend Reporting Standards for Hedge Funds Alongside CFTC

The United States SEC is looking to amend the reporting standards for Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds.

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

The US Commodity Futures Trading Commission (CFTC), the derivatives regulator in the US has collected over $1.3 billion in regulatory and administrative penalties in the fiscal year of 2019, including funds collected from cryptocurrency businesses, which ended on Sept. 30.

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Says Chairman Behnam

Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Says Chairman Behnam

CFTC-led regulation has the potential to bring confidence and stability to the crypto market, according to Chairman Behnam.

Mersinger feels crypto regulation is needed

Mersinger feels crypto regulation is needed

Commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation may have arrived. "We are getting to the point that maybe we are past the education stage and now it's the action [stage]," she said. She dissented from the commission's treatment of Ooki DAO, calling it regulation by enforcement. Real-time proof of reserves may be part of digital asset regulation in the future.

Binance is Reportedly Under Investigation by the CFTC, Involving Inside Trading

Binance is Reportedly Under Investigation by the CFTC, Involving Inside Trading

Binance cryptocurrency exchange has come under the regulatory radar again. Reportedly, it is with the US Commodity Futures Trading Commission (CFTC).

US Senate Bill Proposes to Empower CFTC to Oversight Tokens & Digital Assets

US Senate Bill Proposes to Empower CFTC to Oversight Tokens & Digital Assets

Top U.S. Senators have introduced a bill that seeks to give the Commodity Futures Trading Commission (CFTC) the sole responsibility of overseeing the biggest cryptocurrencies.

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Agency Needs to Prepare Regulating Crypto, Says CFTC Chair

Agency Needs to Prepare Regulating Crypto, Says CFTC Chair

Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC) noted that he has directed members to start preparing to be the major regulator in the crypto industry.

New US CFTC Regulatory Framework to Have a Major Impact on Digital Assets

New US CFTC Regulatory Framework to Have a Major Impact on Digital Assets

The new regulation by the CFTC is designed to benefit digital currencies in the era of the growing involvement of cryptocurrencies in the derivative market

Budget to Provide for Fulfilling Expanded Crypto Surveillance Goal: CFTC

Budget to Provide for Fulfilling Expanded Crypto Surveillance Goal: CFTC

The United States Commodity Futures Trading Commission (CFTC) has requested a robust budget for its Fiscal Year 2023 in order to expand its digital assets or cryptocurrency surveillance targets.

CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies

CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies

The recent heated debate between the US SEC officials and the CFTC over who should police crypto tokens highlights the difficulty in applying existing regulations to the nascent sector.

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

US Congress Plans New Provisions for Cryptocurrency Derivatives Markets

The US Congress aims to pass a new bill deciding on data collection for digital commodities contracts and swaps.

BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US

BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US

BitMEX has reached a settlement with the CFTC and FinCEN on charges bordering on illegal exchange operation.

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

CFTC Committee to Hold Virtual Meeting on Digital Currencies and Blockchain

The CFTC has scheduled a virtual meeting for Thursday, July 16th where its Technical Advisory Committee will discuss matters around on cryptocurrencies and DLT.

Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations

Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations

The heads of the three major US financial regulators have issued a joint statement warning the cryptocurrency industry to adhere to banking regulations in the development of digital assets.

CFTC Slams Kraken with $1.25M for Illegal Market Operations

CFTC Slams Kraken with $1.25M for Illegal Market Operations

The CFTC says Kraken has been fined and is required to pay the sum of $1.25 million for illegally offering margined retail commodity transactions in digital assets

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California Crypto Bill Seeks to Measure the Consumer Impact of Digital Assets

California’s Senate Banking and Financial Institutions Committee has unanimously passed Assembly Bill 2150 which will help define digital assets as well as to measure its potential impact on the state and consumers

Approach to Crypto Regulation is More Proactive: CFTC Chair

Approach to Crypto Regulation is More Proactive: CFTC Chair

Rostin Behnam, the Chairman of the CFTC, has revealed that the commission is more than ready for regulatory oversight of the digital currency ecosystem as the industry evolves.

CFTC Chairman Heath Tarbert Announces He Will Step Down Early Next Year

CFTC Chairman Heath Tarbert Announces He Will Step Down Early Next Year

Heath Tarbert, the chairman of the U.S CFTC, has announced that he will leave the agency, thus setting the stage for Biden to choose another chairperson.

FTX Exchange's Proposal Becomes the Focus of CFTC Chair's Hearing in Congress

FTX Exchange's Proposal Becomes the Focus of CFTC Chair's Hearing in Congress

Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC) was at a hearing, one of the core subjects of discussion was a proposal from FTX Derivatives Exchange.

US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange

US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange

The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.

US CFTC Charges Crypto Futures Exchange Digitex for Registration and Trading Violations

US CFTC Charges Crypto Futures Exchange Digitex for Registration and Trading Violations

The CFTC has filed civil charges against Digitex exchange and its CEO for running a fraudulent crypto futures platform and over other multiple violations.

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

The US Commodity Futures Trading Commission (CFTC) announced that the Commission has voted unanimously and has clarified the guidance on the question of the physical delivery of digital assets.

LedgerX Co-Founders Put on Leave Following US CFTC Scrutiny

LedgerX Co-Founders Put on Leave Following US CFTC Scrutiny

Ledger Holdings face trouble surrounding Bitcoin Futures trading markets. The CFTC has come forward to make it clear that any trading in the USA must be certified and then released to the public.

CFTC’s New Chief Supports Blockchain Technology

CFTC’s New Chief Supports Blockchain Technology

The Commodity Futures and Trading Commissions, CFTC appointed a new chief who is also pro-crypto. Just as his predecessor J. Christopher Giancarlo, appears to have supported the established pro-crypto/pro-blockchain approach. In a recent interview, the newly appointed chief, Heath Tarbert gave a favorable opinion of blockchain technology.

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements.

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The former US Commodity and Futures Trading Commission (CFTC) Chairman continues to fight for the U.S Dollar to become a digital global force.

XRP Status Classified as Unclear,  Meanwhile Analysts Say XRP Price Could Jump to $0.30

XRP Status Classified as Unclear, Meanwhile Analysts Say XRP Price Could Jump to $0.30

The US Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert indicated in an interview that the status of XRP has been classified as unclear. He said, “It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC (Securities and Exchange Commission). If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”

Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Stakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.

Utah Man Ordered to Settle Over $2.5 Million for Bitcoin Fraud by CFTC

Utah Man Ordered to Settle Over $2.5 Million for Bitcoin Fraud by CFTC

Utah-based Jacob Orvidas has been ordered by the Commodity Futures Trading Commission (CFTC) to pay over $2 million and face a $500,000. The order revealed Orvidas deceived at least four individuals into investing in a leveraged Bitcoin commodity pool, claiming significant profits and monetary safety. He also failed to register as a commodity pool operator.

What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority

What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority

Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.

FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged

FTC Settles with Voyager Digital Over Misleading FDIC Claims, Former CEO Charged

The FTC settles with Voyager Digital, barring it from handling consumer assets post allegations of misleading FDIC insurance claims. The settlement highlights regulatory efforts to ensure transparency in the crypto industry amid a broader crackdown on deceptive practices.

CFTC Commissioner Questions VCs' Due Diligence

CFTC Commissioner Questions VCs' Due Diligence

Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.

U.S. District Judge Kevin Castel Grants Request to Defer civil cases

U.S. District Judge Kevin Castel Grants Request to Defer civil cases

On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.

The Number of Crypto-Related Enforcement Actions in the United States Grows

The Number of Crypto-Related Enforcement Actions in the United States Grows

Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022.

FTC Investigates Big Tech's AI Investments

FTC Investigates Big Tech's AI Investments

The US FTC is conducting a thorough investigation into the partnerships and investments between tech giants like Alphabet, Amazon, Microsoft, and AI startups like OpenAI and Anthropic, focusing on their impact on market competition and innovation.

FTC Investigates ChatGPT over Consumer Protection Concerns

FTC Investigates ChatGPT over Consumer Protection Concerns

The U.S. Federal Trade Commission (FTC) has begun a thorough check into OpenAI, the company from San Francisco that created the well-known AI chatbot, ChatGPT.

Binance Crypto Withdrawals Spike Before CFTC Accusations

Binance Crypto Withdrawals Spike Before CFTC Accusations

Almost a billion dollars in cryptocurrency was withdrawn from Binance shortly before the US CFTC accused the exchange of regulatory violations. The total amount withdrawn from multiple platforms in the 12 hours preceding the indictment was almost $1.5 billion, with over half of that amount coming from Binance. Despite the withdrawals, Binance still holds over $63 billion worth of cryptocurrency assets.

CFTC Report Underscores DeFi Risks and Calls for Action

CFTC Report Underscores DeFi Risks and Calls for Action

The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

CFTC Chair Rostin Behnam Continues Calls for Non-Security Tokens Regulations

Chair Rostin Behnam said the CFTC was "ideally positioned" to solve crypto regulatory shortcomings, but legislators needed to provide it power.

CFTC Chairman Rostin Behnam Urges Congress for Regulatory Action on Digital Commodity Markets

CFTC Chairman Rostin Behnam Urges Congress for Regulatory Action on Digital Commodity Markets

Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), recently urged the U.S. House Committee on Agriculture to take legislative action to regulate the digital commodity market.

MetaBunny - An NFT Collection you don’t want to miss!  Coming to you on 23rd MARCH 2022

MetaBunny - An NFT Collection you don’t want to miss! Coming to you on 23rd MARCH 2022

Since 2021, NFT has been one of the hottest topics, it is said that the year 2021 is the Birth Year of NFT. According to “The Collins Word of the Year 2021”, the use of the word “NFT” has seen a 1,100,00% increase. In the birth year of NFT, its estimated sales also increased over 2,000% between Q4 2020 to Q1 2021, from 93 Million USD to an astounding 2 Billion USD.

CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023

CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023

The CFTC's Whistleblower Program in 2023 awarded $16 million to whistleblowers, contributing to over $3 billion in enforcement sanctions. Recognizing their role in combating financial fraud, the program now focuses on environmental fraud through a task force.

US CFTC Approves Clear Markets For Operating Crypto Derivatives

US CFTC Approves Clear Markets For Operating Crypto Derivatives

The U.S. Commodity and Futures Trading Commission (CFTC) confirmed it has approved the U.S. subsidiary of electronic trading platform developer Clear Markets to offer physically settled crypto derivatives, according to Clear Markets shareholder SBI Holdings.

Ex-CFTC Boss Christopher Giancarlo Joins CoinFund as Advisor

Ex-CFTC Boss Christopher Giancarlo Joins CoinFund as Advisor

Christopher Giancarlo, the former Chairman of the Commodity Futures Trading Commission (CFTC) has joined CoinFund as a strategic advisor.

CFTC's Stern Warning to Crypto Exchanges Following Binance Case

CFTC's Stern Warning to Crypto Exchanges Following Binance Case

The CFTC has significantly heightened its regulatory actions against non-U.S. crypto entities, indicating a significant shift in the U.S. cryptocurrency market's regulatory landscape.

XRP is not a Security: Former CFTC Chair Chris Giancarlo Says

XRP is not a Security: Former CFTC Chair Chris Giancarlo Says

Christopher Giancarlo said he believes XRP does not qualify as security as the SEC is alleging, a claim made based on earlier research he has done as the chairman of the CFTC.

CFTC Commissioner Calls for Reduced Cryptocurrency Anonymity

CFTC Commissioner Calls for Reduced Cryptocurrency Anonymity

CFTC Commissioner Christy Goldsmith Romero has proposed reducing the anonymity of cryptocurrencies as a means of managing associated risks. Romero spoke at City Week 2023 in London, stating that market integrity, national security, and financial stability cannot be compromised.

AI's False Promises: CFTC Warns of Soaring Crypto Scams

AI's False Promises: CFTC Warns of Soaring Crypto Scams

The U.S. Commodity Futures Trading Commission (CFTC) alerts the public about the surge in AI-driven crypto scams, emphasizing the technology's inability to predict market trends and the dangers of misleading claims about high returns.

CFTC sues Avraham Eisenberg for Mango market manipulation

CFTC sues Avraham Eisenberg for Mango market manipulation

Avraham Eisenberg is charged with two counts of market manipulation for using decentralized finance platform Mango Markets. On January 9, the CFTC sued self-described digital artist for commodities fraud and manipulation. Eisenberg was detained on December 27.

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance faces investor backlash and Bitcoin withdrawals following CFTC lawsuit

Binance CEO, Changpeng Zhao, denies market manipulation allegations made by the CFTC. However, investors withdrew over 3,400 BTC from Binance within 24 hours of the lawsuit announcement, leading to a decrease in Binance's total Bitcoin balance while competing exchanges saw an increase.

CertiK: Crypto Social Media Scams Surge

CertiK: Crypto Social Media Scams Surge

CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.

Debiex Accused of $2.3M Romance Scam by CFTC

Debiex Accused of $2.3M Romance Scam by CFTC

The CFTC has charged Debiex and Zhāng Chéng Yáng with conducting a romance scam, misleading customers to invest $2.3 million in a fraudulent scheme.

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

CFTC Commissioner Caroline D. Pham criticizes the latest enforcement action for potentially overstepping into SEC’s territory and undermining investor protection laws

Binance Trims Employee Benefits and Faces Regulatory Challenges Globally

Binance Trims Employee Benefits and Faces Regulatory Challenges Globally

According to a recent report by The Wall Street Journal, the global cryptocurrency exchange Binance has reduced several benefits for its employees, including reimbursements for mobile phone usage, fitness, and work-from-home expenses.

OpenAI's CEO Expresses Disappointment Over FTC's Leak, Affirms Confidence in Protecting User Privacy

OpenAI's CEO Expresses Disappointment Over FTC's Leak, Affirms Confidence in Protecting User Privacy

OpenAI's CEO Sam Altman has publicly responded to the U.S. Federal Trade Commission's (FTC) investigation into the company's AI chatbot, ChatGPT. The FTC's probe was examining whether OpenAI has breached consumer protection laws, potentially putting users' personal data and reputations at risk.

Binance and Changpeng Zhao Seek Permission to File Excess Pages in Response to CFTC Complaint

Binance and Changpeng Zhao Seek Permission to File Excess Pages in Response to CFTC Complaint

Binance, Changpeng Zhao seek court's permission for extended response to CFTC complaint amidst increasing scrutiny from US regulatory agencies.

Judge Directs CFTC To Sue Ooki DAO Creators

Judge Directs CFTC To Sue Ooki DAO Creators

The Commodities Future Trading Commission (CFTC) must serve its complaint to the Ooki decentralized autonomous organization's two founders, according to a federal court. The DAO was first served a lawsuit through a support chat box, but a federal court ordered the regulator to "serve at least one identified Token Holder". After discovering Bean and Kistner were Oki DAO token holders, Judge Orrick evaluated the CFTC's litigation service. The CFTC and amicus brief filers appeared before the U.S. District Court for the Northern District of California on Dec. 7. "Illegally providing leveraged and margined retail commodities trades in digital assets" via bZeroX led to Bean and Kistner's CFTC settlement. It sued Ooki DAO, claiming it used bZerox's software after taking control.

Ex-US CFTC Chair Advocates Building Financial Infrastructure with Blockchain

Ex-US CFTC Chair Advocates Building Financial Infrastructure with Blockchain

Former Chairman of the United States Commodity Futures Trading Commission (CFTC) Christopher Giancarlo slammed handlers of the economy for taking a back seat in financial innovation related to blockchain technology and cryptocurrencies.

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck Announces Launch of Ethereum Futures ETF (EFUT)

VanEck announces the launch of VanEck Ethereum Strategy ETF (EFUT), targeting Ethereum futures contracts for capital appreciation. EFUT, listed on CBOE, complements VanEck's Bitcoin ETF (XBTF) with a tax-efficient structure.

US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans

US Senators Urge FTC to Address AI-Enabled Scams Targeting Older Americans

US Senators have written to the FTC, urging action against AI scams targeting older Americans, emphasizing the need for detailed data tracking and effective countermeasures.

Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case

Voyager Digital Agrees to $1.65 Billion Settlement with FTC in Landmark Case

The US FTC has awarded Voyager Digital a $1.65 billion settlement for misleading statements about customer fund safety, marking a significant regulatory action in the crypto market.

US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC

US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC

A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.

Binance Expects Fines in U.S. Investigations

Binance Expects Fines in U.S. Investigations

Binance intends to pay U.S. authorities for past compliance inquiries and crimes.

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown

Former Voyager Digital CEO Faces Fraud Charges Amid CFTC and FTC Crackdown

The CFTC and FTC have levelled fraud charges against former Voyager Digital CEO Stephen Ehrlich, spotlighting the case as a notable instance of regulatory enforcement within the digital asset sector. The charges underscore the market's inherent risks and the imperative for robust regulatory compliance to ensure investor protection.

CFTC Receives DeFi Crash Course

CFTC Receives DeFi Crash Course

Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities.

Trading firms identified as Binance VIP clients in CFTC lawsuit

Trading firms identified as Binance VIP clients in CFTC lawsuit

Three trading firms, Jane Street Group, Tower Research Capital, and Radix Trading have been identified as Binance's VIP clients in the CFTC lawsuit. The firms allegedly received preferential treatment from Binance, including lower transaction fees and faster trading services, while providing liquidity to the exchange.

Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading

Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading

Peter Kambolin, former CEO of Systematic Alpha Management LLC, was sentenced for a fraudulent "cherry-picking" scheme in cryptocurrency futures, underscoring the need for stringent regulatory oversight in crypto trading.

Missing lawsuit response date, Ooki DAO faces default judgment.

Missing lawsuit response date, Ooki DAO faces default judgment.

The CFTC is seeking a default judgment against Ooki DAO. DAO missed the lawsuit response deadline. The record of default will show that the DAO did not appear in court. The court issues a default judgment if the defendant fails to defend a case.

SEC Chair Says Lummis-Gillibrand Bill Could ‘Undermine’ Market Protections

SEC Chair Says Lummis-Gillibrand Bill Could ‘Undermine’ Market Protections

The legislation bill provides a framework that develops clear standards and defines appropriate jurisdictional boundaries.

Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs

Heath Tarbert Joins Circle as Chief Legal Officer and Head of Corporate Affairs

Circle Internet Financial has appointed Heath Tarbert as its new chief legal officer and head of corporate affairs, effective from July 1, 2023.

CFTC Charges Fundsz and Individuals for Fraudulent Cryptocurrency and Precious Metals Solicitation

CFTC Charges Fundsz and Individuals for Fraudulent Cryptocurrency and Precious Metals Solicitation

CFTC files complaint against Fundsz and individuals for fraudulent crypto and precious metals trading. Assets frozen; hearing set for August 23.

Digitex CEO Adam Todd Ordered to Pay $16 Million in CFTC Case

Digitex CEO Adam Todd Ordered to Pay $16 Million in CFTC Case

A federal court in the United States has mandated that Adam Todd, the CEO of the digital asset exchange Digitex, pay almost $16 million in disgorgement and penalties.

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra

In part 2 of the interview, Gerard walked us through some of the recommended bills to the government in fostering blockchain innovation, such as the “Blockchain Promotion Act”. He then shared his views on the nature of Bitcoin and two contradictions of Facebook’s Libra.

Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis

Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis

The United States Commodity Futures Trading Commission (CFTC) established LabCFTC as an initiative under the General Counsel’s office in 2017 aimed at promoting FinTech innovation and competition. The office has been very active with over 400 different private meetings held with innovators in the last three years. In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.

LabCFTC to Announce the Winner of Project Streetlamp at Fintech-Focused Virtual Events Series Later This Year

LabCFTC to Announce the Winner of Project Streetlamp at Fintech-Focused Virtual Events Series Later This Year

The Commodities Futures Trading Commission (CFTC) announced that its FinTech research wing, LabCFTC will be hosting a series of interactive virtual events during autumn 2020.

U.S. House of Representatives to Create Crypto Task Force Joining SEC and CFTC Members

U.S. House of Representatives to Create Crypto Task Force Joining SEC and CFTC Members

The US House of Representatives passed a bill dubbed “Eliminate Barrier to Innovation Act of 2021” (H.R. 1602).

What are the Top 5 Blockchain Market Events to Watch in Q2 2020?

What are the Top 5 Blockchain Market Events to Watch in Q2 2020?

Looking ahead to Q2 2020, what are the top 5 blockchain market events to watch? This article provides a simple guide for you!

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.

The ETF Approval Process Can Improve Transparency in Trading Platforms- Former CFTC Chair

The ETF Approval Process Can Improve Transparency in Trading Platforms- Former CFTC Chair

Former CFTC Chair Timothy Massad has advocated for the approval of a Bitcoin ETF product on a conditional ground

CFTC Chair Suggests Ether is Commodity, Let Congress to Regulate Crypto

CFTC Chair Suggests Ether is Commodity, Let Congress to Regulate Crypto

Crypto regulation is inevitable. That is the message coming from both CFTC and SEC. But this has led to a political conflict between the top U.S. financial regulatory agencies.

Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling

Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling

The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do.

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"

The Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.

Embattled BitMEX Co-Founders to Pay $30M in Civil Fine

Embattled BitMEX Co-Founders to Pay $30M in Civil Fine

The United States District Court for the Southern District of New York (SDNY) has pronounced a combined Civil monetary fine of $30 million for the three embattled BitMEX exchange co-founders indicted for violating the US Bank Secrecy Act

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for illegally soliciting as much as $44 million through Ponzi-like scheme

Teenage Twitter Hacker Mastermind of Bitcoin Scam Pleads Not Guilty

Teenage Twitter Hacker Mastermind of Bitcoin Scam Pleads Not Guilty

17-year old Graham Ivan Clark, the alleged teenage mastermind of the notorious Bitcoin hack involving high profile individuals has pleaded not guilty

Former BitMEX Executives to Appear in Court in March 2022

Former BitMEX Executives to Appear in Court in March 2022

The court trial for former BitMEX CEO Arthur Hayes and other indicted executives has been set for March 28, 2022.

Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support

Ooki DAO Seeks Legal Defence against CFTC Drawing on Community Support

With the lawsuit from the CFTC now filed, the DAO has opened a public forum for discussion such that its members will explore the best avenues to respond to the lawsuit.

BitMEX CEO Arthur Hayes Resigns, Following Criminal Charges by CFTC and DoJ

BitMEX CEO Arthur Hayes Resigns, Following Criminal Charges by CFTC and DoJ

BitMEX CEO Arthur Hayes has stepped down from his position, alongside Samuel Reed, the company's CTO.

Former BitMEX CEO Arthur Hayes Surrenders to US Authorities

Former BitMEX CEO Arthur Hayes Surrenders to US Authorities

Former BitMEX CEO Arthur Hayes has surrendered to authorities in Hawaii to face pending charges relating to AML compliance failure.

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges

$400 million have been withdrawn from Bitmex in less than 24 hours after the US CFTC filed a legal enforcement action against the exchange’s owners.

US CFTC Charges New York Crypto Trader with Fraud Involving Digital Asset Ponzi Scheme

US CFTC Charges New York Crypto Trader with Fraud Involving Digital Asset Ponzi Scheme

A New York native has been charged with fraud for allegedly scamming $5 million from more than 175 investors using a crypto Ponzi scheme.

Crypto Risk Platform Solidus Labs Hires Former CFTC Commissioner Dawn Stump as Strategic Advisor

Crypto Risk Platform Solidus Labs Hires Former CFTC Commissioner Dawn Stump as Strategic Advisor

Solidus Labs seeks to transform financial risk monitoring. Dawn Stump will help solidus Labs pursue its mission to enable a safe and regulated crypto market.

FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'

FTX's Sam Bankman-Fried Urges 'Federal Oversight of Crypto'

FTX co-founder and Chief Executive Officer Sam Bankman-Fried said some tokens could be classified as securities and those that are not, urging a federal oversight of the crypto industry.

Former CFTC Commissioner Joins FTX.US Board

Former CFTC Commissioner Joins FTX.US Board

FTX.US, the United States subsidiary of FTX Derivatives Exchange, has announced the appointment of Jill Sommers to its Board of Directors

Taiwan is Most Interested in NFTs, Says NFT Club Research

Taiwan is Most Interested in NFTs, Says NFT Club Research

Taiwan is the country where people are the most interested in NFTs, according to research conducted by NFT Club.

US House of Representatives Passes Blockchain Innovation Act On to the Senate

US House of Representatives Passes Blockchain Innovation Act On to the Senate

Two bills introduced by Rep Darren Soto—the Digital Taxonomy Act and the Blockchain Innovation Act—have passed the Lower House and are on their way to the Senate.

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

“We Can’t Let China Beat Us,” Document shows US Regulators Want to Pass a National Blockchain Bill

Lawmakers in the US are coaxing the federal government to consider a national blockchain strategy for regulation and growth, citing China’s Blockchain Service Network as an example.

US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China

US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China

US lawmakers approved the American COMPETE Act and the Digital Taxonomy Act, in an active race against China the blockchain and technological sector.

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