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Judge orders CFTC to serve Ooki DAO founders with lawsuit
13.12.2022
The DAO was initially served with a lawsuit via a help chat box but a federal judge said the regulator “should serve at least one identifiable Token Holder.”
US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
13.12.2022
Federal judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token-holders at Ooki DAO
A16z Elevates Former US CFTC Commissioner Quintenz to Policy Chief
6.12.2022
Brian Quintenz, a former commissioner with the U.S. Commodity Futures Trading Commission who left the agency last year, is amplifying his role at crypto venture capital firm Andreessen Horowitz (a16z) from advising to taking over as its head of policy, the company said on Tuesday
US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’
3.12.2022
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including bitcoin, must be regulated and the Commodity Futures...
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
2.12.2022
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity...
CFTC Chair Walks Back on Previous Statements Regarding Ethereum, Says Only Bitcoin is Commodity – Regulation Hammer Coming Down?
2.12.2022
Only bitcoin (BTC) should be considered a commodity for regulatory purposes, and not ethereum (ETH), Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), said in a recent speech....
Read More: CFTC Chair Walks Back on Previous Statements Regarding Ethereum, Says Only Bitcoin...
Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
1.12.2022
Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
US Senate committee hearing on FTX fail brings gaps in regulatory authority to light
1.12.2022
CFTC chair Rostin Behnam appeared before a Senate Agriculture Committee to talk about how FTX happened and how it could have been prevented
US CFTC Commissioner Cites Latest Crypto Sanction in Call for New Rules
1.12.2022
CFTC Commissioner Kristin Johnson is pushing for her agency to work on policies to further tighten custody of customer assets as the CFTC sanctions another crypto Ponzi scheme
CFTC Chair Suggests 'Pause' to Overhaul Senate Bill Following FTX Debacle
1.12.2022
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that while new legislation allowing his agency greater spot market oversight over crypto should move swiftly, lawmakers should also ensure there are no "gaps."
Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse
1.12.2022
"The customer property at LedgerX — the CFTC regulated entity — has remained exactly where it should be, segregated and secure," said Rostin Behnam in a hearing on FTX's failures
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
1.12.2022
CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
1.12.2022
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil
US CFTC commissioner calls for new category to protect small investors from crypto
30.11.2022
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to
Sam Bankman-Fried Interview Reveals Dark Donations to Republicans, FTX’s ‘Poorly Labeled Accounting’
30.11.2022
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF) that was recorded 13 days before the interview was released. During the interview, SBF discussed who he thinks may have hacked FTX and he further denied he had...
Regulating Crypto Not a ‘One-Agency Solution,’ CFTC Commissioner Says
28.11.2022
Appearing on CoinDesk TV, Summer K. Mersinger discussed why the need to regulate crypto will require working closely with other agencies
FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says
28.11.2022
Rostin Behnam had previously said the plans to streamline financial market structure were a potentially unique disruptive innovation
CFTC Bypassed Legal Requirement in Trying to Serve Ooki DAO, Crypto Supporters Claim
22.11.2022
The Commodity Futures Trading Commission (CFTC) is trying to “create [a] novel precedent” for itself in trying to serve a lawsuit to the entirety of a decentralized autonomous organization (DAO), rather than the DAO’s members, one of three filings pushing back against the agency’s lawsuit said
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
21.11.2022
The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange
US CFTC’s Behnam Will Testify at FTX Hearing in Senate
21.11.2022
Rostin Behnam, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), will testify at a Senate hearing next week set to examine the “lessons learned from the FTX collapse,” according to a listing on the Senate Agriculture Committee’s website