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Top Crypto Gainers Today on DEXTools – PEPEPE, CZ, SNAPCAT
22.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies are pumping on Wednesday amid a market-wide relief rally as traders digest recent news relating to Binance, the world’s largest cryptocurrency exchange. News broke on Tuesday that Binance had reached deals with the US Department...
CFTC Chairman: U.S. Regulators Lack Authority to Prevent Another Major Crypto Collapse
15.11.2023
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has stated that U.S. regulators lack the authority to preemptively prevent another major crypto collapse similar to the FTX incident. Speaking at the Financial Markets Quality Conference 2023 at Georgetown University, Behnam...
CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat
15.11.2023
U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam
US Regulator CFTC Files Record Number of Crypto Enforcement Actions This Year
11.11.2023
The Commodity Futures Trading Commission (CFTC) has revealed that it filed a record number of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, representing more than 49% of all actions filed during...
CFTC States 50% of Reported Cases Involved Crypto in Released Enforcement Results
8.11.2023
Source: Adobe The US premier enforcement agency, Commodity Futures Trading Commission (CFTC), has announced the release of its record-setting enforcement results for the fiscal year (FY) of 2023. As detailed in an official document dated November 7, the government agency reported its pursuit of...
Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury
8.11.2023
Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have...
Crypto's Bromance With U.S. CFTC May Be One-Sided
7.11.2023
Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday
Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner
3.11.2023
The U.S. Commodity Futures Trading Commission (CFTC) proposed a rule change Friday on how customer funds should be invested by firms the agency oversees – futures commission merchants (FCMs) and derivative clearing organizations (DCOs)
CFTC Discloses $15 Million Payment to Crypto Whistleblowers
1.11.2023
The Commodity Futures Trading Commission (CFTC) has announced the award of $16 million to whistleblowers this year with a significant amount going to crypto-related cases. In an Oct 31 press release, Commissioner Christy Goldsmith Romero speaking on the Whistleblower policy highlighted...
Binance Blasts CFTC for Trying to Be World’s Derivatives Police, Seeks to Dismiss Lawsuit
26.10.2023
Binance has submitted a new motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC) against it. The leading cryptocurrency exchange urges the court to reject the agency’s attempt to expand its territorial reach beyond the United States. Binance Accuses CFTC...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
12.10.2023
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections
US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC
30.9.2023
Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading...
U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions
28.9.2023
It would be hard for a big exchange to repeat an FTX collapse if the firm’s internal flow of crypto assets was also reported to an outside repository that U.S. regulators could see. That’s the idea behind new legislation from Rep. Don Beyer (D-Va.) that would force exchanges to share the movement...
Coinbase CEO Urges Defi Protocols to Challenge Regulatory Crackdowns in Court
15.9.2023
The CEO of the cryptocurrency exchange Coinbase has encouraged decentralized finance (defi) protocols to fight regulators in court if they face regulatory crackdowns. He stressed that the Commodity Futures Trading Commission (CFTC) “should not be creating enforcement actions against decentralized...
CFTC Cracks Down on 3 Defi Platforms for Offering Illegal Derivatives
9.9.2023
The U.S. Commodity Futures Trading Commission (CFTC) has issued orders against the operators of three decentralized finance (defi) protocols. The regulator accused them of committing various violations of commodity laws including illegal trading of digital asset derivatives. U.S. Commodities...
CFTC Commissioner Proposes ‘First-Ever’ US Pilot Program for Crypto Regulation
9.9.2023
A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphasized: “Our principles-based framework...
US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud
9.9.2023
A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target...
Binance Boss Counters ‘FUD’ Amidst Legal Challenges, Touts Company’s Resilience and Low Turnover
8.9.2023
Binance has faced a series of negative news reports in recent weeks. However, the cryptocurrency exchange’s leader, Changpeng Zhao, known as CZ, used social media to assure the community that the reports were just fear, uncertainty, and doubt (FUD). Despite the departure of some...
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep
8.9.2023
The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the agency