The agency is concerned if the prediction market has violated any existing regulatory rules.
Tether was accused by the CFTC of making 'untrue or misleading' claims about USDT stablecoin being backed by the US dollar.
Per a press release, the U.S. Commodity Futures Trading Commission (CFTC) has disclosed that their review on Tether Holding Limited and other associated companies has concluded. As a result, Tether has agreed to pay a $41 million fine. Related Reading |...
Stephen Palley, partner at Anderson Kill, discusses a few hot-button crypto regulatory issues like lending products, whether DeFi protocols fall under the SEC’s purview, and more. Show highlights: why Stephen thinks the SEC and CFTC did not announce more extensive crypto enforcement news this week...
September 30, 2021 / Unchained Daily / Laura Shin Daily Bits...
In what is the latest sanction against a cryptocurrency exchange in the United States, one of the country's biggest exchanges, Kraken, has been slapped with a fine of $1.25 million by the Commodity Futures Trading Commission (CFTC) for violating the country's Commodity...
Dan Berkovitz, one of the commissioners serving with the United States Commodity Futures Trading Commission (CFTC) has been named as the incoming General Counsel for the Securities and Exchange Commission (SEC). According to the latest press release published by the SEC, Berkovitz’s term will commence on November 1, and he will succeed John Coates in The post Just In: CFTC Commissioner Dan Berkovitz...
Nik De, managing editor for global policy and regulation at CoinDesk, stops by Unconfirmed to discuss the current state of crypto regulation, including recent comments by SEC Chair Gary Gensler on stablecoins and why Coinbase decided to sideline its Lend product. Highlights: Nik’s biggest takeaway from Gary Gensler’s interview with...
Binance's regulatory woes have now...
As it relates to regulating the digital currency ecosystem, the conflicting position of the Securities and Exchange Commission (SEC), the Financial Crimes Enforcement Network (FINCEN), and the Commodity Futures Trading Commission (CFTC) have often confused crypto stakeholders. Drawing on its core roles, CFTC Commissioner Dawn D. Stump has issued a set of guidelines targeted at The post Digital Assets Regulations: Does the CFTC...
Brian Quintenz,...
Crypto derivatives platform BitMEX and five associated companies have reached an agreement with the U.S. Commodities Futures Trading Commission (CFTC), per an official press release. The institution revealed that the U.S. District Court for the Southern District of New York approved a “consent order” against these entities. In October 2020, BitMEX and the aforementioned companies with their founders, Arthur Hayes, Benjamin Delo, and...
Seychelles based cryptocurrency exchange and derivatives trading platform, BitMEX has inked a settlement with the United States Commodity Futures Trading Commission (CFTC) as announced by the firm on Tuesday. The settlement also covers charges levied against the firm by the Financial Crimes Enforcement Network. The deal comes off as a standalone settlement that absolves only The post Breaking: BitMEX Inked a Multi-Million Dollar...
The defendants represented a business named Global Trading Club which claimed to trade cryptos on behalf of its customers.
The new chairman of the Securities and Exchange Commission (SEC) Gary Gensler hasn’t brought the changes to the crypto industry that some expected from this regulatory entity. Gensler, a former MIT professor on Bitcoin and blockchain technology, has started to be more open on his stance on Bitcoin,...
CFTC Commissioners Dan Berkovitz and Brian Quintenz discuss the difficulties of regulating crypto derivatives and DeFi. Show highlights: their backgrounds what the CFTC’s duties are regarding crypto...
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