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CFTC Commissioner On Innovation, Commodities And Misconceptions About Bitcoin Regulation

[Mar 22, 2023 6:00 AM] CFTC Commissioner Summer Mersigner discusses the inevitability of innovation and clears up the agency’s role in bitcoin regulation. In light of recent events, many in the Bitcoin community are looking for regulatory clarity now more than ever…

It’s ‘Critical’ Crypto Innovation Stays in U.S., Former White House Adviser Says

[Mar 20, 2023 12:15 PM] If crypto and financial developments move overseas, it could be a threat to U.S. national security, Carole House, co-author of President Biden’s executive order on crypto, said.

CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group

[Mar 13, 2023 10:52 PM] The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”

Silvergate and SVB bite the dust: Law Decoded, March 6–13.

[Mar 13, 2023 2:00 PM] Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.

State caps or federal regulation: What's next for political crypto donations

[Mar 13, 2023 8:45 AM] The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.

​​Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

[Mar 8, 2023 9:37 PM] In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities.

CFTC continues to explore digital asset policy considerations in MRAC meeting

[Mar 8, 2023 12:35 PM] Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0".

Decentralized finance to be examined at inaugural CFTC tech advisory meeting

[Mar 1, 2023 7:28 PM] A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.”

SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

[Mar 1, 2023 2:00 PM] Singh’s former colleagues Ellison and Wang consented to stays in their CFTC cases; Singh has agreed to submit a consent order proposal in the CFTC case.

Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

[Feb 18, 2023 9:30 AM] Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law…

Binance Expects to Pay Fines to Settle With US Regulators for Past Conduct: Report

[Feb 17, 2023 10:00 PM] Crypto exchange Binance expects to pay fines to U.S. authorities to settle regulatory and law-enforcement investigations over its past conduct, the company’s chief strategy officer reportedly said. When Binance began its business, the…

Binance readies checkbook for potential fines from US regulators: Report

[Feb 15, 2023 10:44 PM] The world’s largest crypto exchange wants to resolve outstanding investigations with U.S. regulators.

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude

[Feb 14, 2023 9:30 AM] Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US…

CFTC and SEC cases against SBF deferred until after criminal trial

[Feb 13, 2023 8:15 PM] Damian Williams, the U.S. Attorney for the Southern District of New York, had pushed to defer the civil cases due to a major overlap between the CFTC, SEC and DOJ’s cases.

Crypto, forex platform CEO pleads guilty to $248M fraud scheme

[Feb 12, 2023 10:31 PM] Eddy Alexandre, the CEO of the purported crypto trading platform EminiFX is facing as much as 10 years behind bars for his part in the fraudulent enterprise.

Ethereum co-founder Joe Lubin says no chance ETH is classed as security

[Feb 9, 2023 4:50 PM] The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal.

US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial

[Feb 7, 2023 2:15 PM] Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case.

CFTC head looks to new Congress for action on crypto regulation

[Feb 3, 2023 2:30 PM] "I will continue to engage and provide technical assistance to draft legislation, as requested,” said Rostin Behnam.

Crypto-related enforcement actions by US states rose sharply in 2022: Report

[Feb 2, 2023 3:30 PM] There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.

Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s

[Feb 1, 2023 11:22 PM] SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s.

FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

[Jan 21, 2023 1:53 AM] The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.

Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs

[Jan 20, 2023 3:56 PM] Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases.

CFTC commissioner: Crypto exchanges shouldn't 'self-certify' tokens

[Jan 18, 2023 9:15 PM] Commissioner Christy Goldsmith Romero wants crypto exchanges blocked from self-certifying crypto and crypto products before going live on their platforms.

Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

[Jan 16, 2023 2:15 PM] While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny

[Jan 16, 2023 12:30 PM] According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC…

Ooki DAO misses lawsuit response deadline, default judgment on the cards

[Jan 11, 2023 6:10 PM] The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline.

Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure

[Dec 31, 2022 11:00 AM] According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX’s collapse. He believes that future cryptocurrency bull runs probably won’t happen…

False alarm: DOJ did not classify MNGO as a commodity

[Dec 29, 2022 3:50 PM] Avi Eisenberg’s arrest on commodities fraud charges for the Mango Markets exploit raised eyebrows on crypto Twitter and required some processing to work through its intricacies.

Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019

[Dec 23, 2022 4:30 PM] On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of…

SEC general counsel announces departure from public service

[Dec 23, 2022 9:29 AM] "After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities," said Dan Berkovitz.