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CFTC Pays $1M to Whistleblower in Digital Asset Case

[Aug 11, 2024 4:30 AM] The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as…

Paradigm Backs Prediction Market in Legal Battle Against CFTC

[Feb 8, 2024 12:30 AM] Paradigm has stepped up to back Kalshi in its legal battle against the Commodity Futures Trading Commission (CFTC), defending the right to offer prediction markets in the U.S. Congressional elections, and arguing for the critical role such markets…

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…

Ripple CLO Stuart Alderoty States SEC Chair Gary Gensler ‘Misstates the Law’ on Tokens

[Jul 22, 2023 4:30 AM] Stuart Alderoty, CLO of Ripple, a cryptocurrency and payments services company, railed against the statements of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler given in a recent congressional hearing. Alderoty criticized the…

Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020

[Jun 5, 2023 11:30 PM] Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto…

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

[May 13, 2023 2:30 AM] Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the…

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

[May 1, 2023 6:00 PM] Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a…

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

[Apr 6, 2023 7:30 PM] Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen…