CFTC Commissioner wants to create AI Fraud Task Force
[May 3, 2024 10:38 AM] Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer.
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History Favors Bitcoin Bulls Despite Crypto Hedge Funds Increasing Shorts
[Apr 5, 2024 1:30 PM] Bitcoin may be dripping lower at spot rates. Still, one analyst is unfazed, expecting the coin to reverse recent losses and snap up firmly before peaking in December 2024. At spot rates, BTC is down roughly 11% from 2024 peaks and struggling to…
CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities
[Mar 27, 2024 6:30 PM] The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern…
Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges
[Mar 26, 2024 9:11 AM] U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and…
'Congress Needs to Act' on Crypto Regulations, CFTC Chair Behnam Tells Lawmakers
[Mar 6, 2024 10:33 AM] The CFTC Chair was testifying on the regulator's 2025 budget request.
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
[Feb 24, 2024 3:30 AM] Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by…
US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps
[Feb 7, 2024 9:30 PM] Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital…
Korean Crypto Exchanges Block Romance Scammers’ Access to Digital Assets Worth Over $82 Million
[Jan 31, 2024 5:00 AM] South Korean cryptocurrency exchanges have successfully stopped romance scams and voice phishing criminals from siphoning digital assets worth over $82.6 million in the past year. The exchanges attribute their success in blocking criminals to…
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
[Jan 21, 2024 3:00 AM] The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam…
1inch DAO Makes DeFi History, Votes To Onboard Legal Counsel
Defi Can Strengthen the United States’ Leadership in Tech and Financial Services, CFTC Report Says
[Jan 9, 2024 12:30 PM] Decentralized finance projects and their respective ecosystems potentially offer both promising opportunities and risks to the U.S. financial system, a Commodities Futures Trading Commission (CFTC) study has found. The CFTC study report recommends…
DeFi Identity Should Be Focus of U.S. Policymakers, CFTC Says
[Jan 9, 2024 3:43 AM] The Commodity Futures Trading Commission wants U.S. policymakers to evaluate options for regulating the issue of identity information in decentralized finance, a report published Monday said.
Mango Markets Faces Regulatory 'Inquiry' Ahead of Eisenberg Crypto Fraud Trial
[Jan 5, 2024 8:40 AM] The decentralized crypto exchange (DEX) is facing "inquiries" in the United States stemming from an October 2022 heist, according to posts in the project's Discord server. Now the DEX's governing body, called MangoDAO, is voting on whether to…
US court approves settlement against Binance, firm to pay $2.7B to CFTC
[Dec 18, 2023 4:19 PM] Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.
CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws
[Dec 17, 2023 3:00 AM] The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory…
CFTC Pushes FTX-Inspired Rule to Protect Customers' Money
[Dec 13, 2023 4:33 PM]
Is A Mega Bull Run Incoming? Whale Transfers Over $780 Million Of Stablecoin To Binance
U.S. CFTC Approves Bitcoin Futures Platform Bitnomial's Derivatives Clearing Application
[Dec 13, 2023 3:02 PM] The Commodity Futures Trading Commission granted crypto derivatives company Bitnomial approval to register as a derivatives clearing organization in the U.S., letting it settle margined futures and options contracts.
Binance's Multi-Billion CFTC Penalty Was 'Heightened,' Says Commissioner Kristin Johnson
[Dec 5, 2023 9:34 AM] Johnson clarified that the agency sued the crypto exchange because it "simply failed to comply with regulation."
Boomers Interested In Bitcoin, Market Won’t Allow BlackRock To Buy BTC Below $60k
Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4
[Dec 4, 2023 2:00 PM] Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.
Caroline Pham: Supportive Regulation at the CFTC
[Dec 4, 2023 7:20 AM] The CFTC commissioner, in a year marked by an aggressive, sometimes arbitrary regulatory enforcement, stood out as an accommodator of innovation in the crypto sector.
Rep. French Hill Estimates Crypto Legislation to Pass in Early 2024
[Dec 1, 2023 3:30 AM] Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and…
Courts will provide ‘good guidance’ for crypto — CFTC commissioner
[Nov 30, 2023 3:14 PM] Kristin Johnson proposed several potential paths for handling digital assets in the United States — through Congress, having private companies address governance and the courts.
US regulators doing ‘good job of alienating’ crypto sector — Cardano founder
[Nov 30, 2023 7:39 AM] Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. Securities and Exchange Commission (SEC).
SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs
[Nov 28, 2023 6:30 PM] The requests for public comment are standard for ETFs under review and have an open period of 35 days.
Coinbase warns customers about subpoena in apparent CFTC Bybit probe
[Nov 28, 2023 2:51 PM] Cryptocurrency exchange Bybit restricts use in the United States, although it may be possible to get around it.
Binance settles with U.S. government: Timeline of US enforcement actions
[Nov 21, 2023 5:12 PM] U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.
Binance, Changpeng 'CZ' Zhao Handing Over Record $1.35B Fine in CFTC Settlement
[Nov 21, 2023 3:30 PM] Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of…
US officials announce $4.3B settlement with Binance, plea deal with CZ
[Nov 21, 2023 2:59 PM] Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.