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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...
One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam
2.10.2023
CFTC chair Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation
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...
CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown
8.9.2023
The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.
According to an official statement released on Thursday, these...
Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
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...
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
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
12.4.2023
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC),...
Binance-CFTC FUD puts BNB price at risk of drop toward $200
28.3.2023
Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
What If Regulators Wrote Rules for Crypto?
23.1.2023
The SEC and CFTC are unlikely to issue new rules covering crypto this year. But, if they did, calls from policymakers to regulate through rulemaking rather than enforcement offer a useful way forward, says Michael Selig, an attorney at Willkie Farr & Gallagher
SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’
5.10.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto...
CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity
3.10.2022
The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together...
CTFC slammed for 'blatant regulation by enforcement' over Ooki DAO case
23.9.2022
The CFTC’s actions have even been met with strong pushback from its own commissioner, while others have drawn comparisons to the SEC’s regulation by enforcement tactics
CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities
19.9.2022
The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise...
US Senate Bill Will Give CFTC Crypto Market Oversight – but Doesn't Say How Much
3.8.2022
The latest U.S. legislative effort to steer most crypto oversight into the hands of the Commodity Futures Trading Commission (CFTC) has bipartisan support, though the new bill does little to answer the industry's top question: What makes a token a security or a commodity?
US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform
7.5.2022
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million...
US Lawmakers Reintroduce Bill to Give CFTC Crypto Spot Market Oversight
28.4.2022
U.S. Representatives Glenn Thompson (R-Pa.) and Ro Khanna (D-Calif.) reintroduced the Digital Commodity Exchange Act Thursday, which would create a comprehensive national framework for digital assets and give the Commodity Futures Trading Commission a greater role in overseeing the sector
SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges
6.4.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges...
US Senators Working on Broad-Based Crypto Regulation
28.3.2022
Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators. US Senators to Introduce...