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Nalezeno "cftc": 1088

US Senators reintroduce crypto bill aimed at comprehensive regulation

12.7.2023
The Responsible Financial Innovation Act will establish guardrails "to prevent another FTX-style event from occurring" in the wake of the 2022 market crash and many bankruptcies

CFTC case against Digitex futures exchange and CEO results in $16M court order

12.7.2023
The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register

Former CFTC Chair: Crypto Regulations Must Not Wait for Litigation, Standards Needed Today

12.7.2023
A crackdown on the crypto industry in the US should not wait for litigation in courts to conclude, but instead move forward with temporary restraints while the courts do their work, a former regulator has said. Speaking with CNBC on Monday, Timothy Massad, former chairman of the Commodity Futures...

Digitex Founder Ordered to Pay $16M to Resolve CFTC Action, Banned From Trading

12.7.2023
The founder of crypto exchange Digitex, Adam Todd, has been ordered by a federal court to pay almost $16 million to resolve accusations that he ran an illegal platform and sought to manipulate its native token, DGTX, the U.S. Commodity Futures Trading Commission (CFTC) said in a Wednesday statement

A Second Round of the Lummis-Gillibrand Crypto Bill Elevates CFTC, Defines DeFi

12.7.2023
The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and...

Binance CEO Changpeng Zhao Reveals His Secret for Building ‘Tight Teams’: External Pressure

12.7.2023
Changpeng Zhao, CEO of Binance, the largest cryptocurrency exchange in volume traded, has revealed his secret for building a comprehensive team of employees for any startup. According to Zhao, external pressure has contributed to the unity of the team behind the exchange, and it also makes...

CFTC Finds Celsius Network and Its Ex-CEO Guilty of Breaking Rules

6.7.2023
Commodity Futures Trading Commission (CFTC) investigators have ruled that crypto lender Celsius Network and its former CEO Alex Mashinsky violated US rules before the company collapsed. The findings suggest that Celsius misled investors and failed to register with the CFTC, Bloomberg reported...

Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg

6.7.2023
CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings

Celsius founder Alex Mashinsky broke US rules, say CFTC investigators: Report

6.7.2023
If the majority of CFTC commissioners agree with that conclusion, it could file a case in federal court

BNY Mellon, Franklin Templeton Heads to Co-Chair New Digital Asset Panel

3.7.2023
BNY Mellon and Franklin Templeton have been appointed as co-chairs of the new Digital Assets Market Subcommittee by the US derivatives and commodities regulator. Caroline Butler, the global head of digital assets at BNY Mellon, and Sandy Kaul, the head of digital and industry advisory services...

US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million

30.6.2023
According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also...

Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud

29.6.2023
The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC). A judge at the Southern District of New York court has banned Ackerman...

CFTC issues $54M default judgment against trader in crypto fraud scheme

28.6.2023
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body

Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges

28.6.2023
Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for $33 million in a digital asset trading scheme

CFTC Kicks Off Review of Kalshi's Congressional Control Prediction Markets

24.6.2023
The U.S. Commodity Futures Trading Commission began a formal review and public comment period to evaluate prediction market Kalshi's proposed contracts to bet on who will control Congress

CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam

23.6.2023
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds

JPMorgan Managing Director Nikolaos Panigirtzoglou: Hinman Docs Are a ‘Boost to Ethereum’

23.6.2023
Nikolaos Panigirtzoglou, a managing director at JPMorgan, believes the release of the Hinman docs in the Ripple vs. SEC case will influence crypto regulation. Panigirtzoglou stated this document release is likely to start a race for other cryptocurrency projects to become more decentralized...