Tag: cftc

Nov 10 2022

Following FTX Turmoil Sen. Warren Calls For Aggressive SEC Enforcement

Nov 10 2022 Published at Bitcoinist.com under tags  binance cftc circle coinbase doj

Predictably, the collapse of FTX has put U.S. regulators on notice. Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched investigations into the business practices of FTX. As the Wall Street Journal...

Nov 09 2022

FTX Faces Scrutiny From SEC Over Potential Securities Law Violation: WSJ

The SEC has expanded it's investigation into FTX over a potential violation of U.S securities law.

US Investigating FTX Empire Over Handling Of Customer Funds: Report

Nov 09 2022 Published at Bitcoin Magazine under tags  binance cftc ftx legal news

US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers' funds.Investigations also relate to lending.SEC probe reportedly predates Binance's acquisition of FTX.U.S. financial regulators have apparently been actively following the...

Oct 26 2022

SushiSwap Votes In Favor Of Landmark Restructuring Proposal

The SushiSwap DAO has voted to approve a key legal restructuring proposal which will create 3 new entities for developing and managing the DAO.

Is Ethereum A Security? Cardano’s Charles Hoskinson Sheds Some Light

Since Ethereum moved from a proof of work (PoW) to a proof of stake (PoW) mechanism, there has been an ongoing debate on whether the digital asset is now a security or a commodity. Notable figures have shared their insight on this and how the regulatory bodies are actually classifying cryptocurrencies. The latest is Cardano founder Charles Hoskison, who shared his thoughts on...

Oct 25 2022

Sen. Warren Addresses Gary Gensler About Ex Gov. Officials Employed Within Crypto Companies

U.S lawmakers have written to regulatory agencies including the SEC regarding their policy on employees being hired by crypto firms.

Oct 24 2022

Daily Briefing: Don’t Expect a Free Pass

Oct 24 2022 Published at Crypto Briefing under tags  cftc crypto regulation sec

Among the most important debates regarding U.S. crypto regulation is the as- of-yet unsettled question of how cryptocurrencies should be classified. This line of reasoning typically comes down to thinking of...

Oct 23 2022

CFTC Says Over 20% Of Cases It Handled This Year Involved Crypto

The CFTC (Commodity Futures Trading Commission) and the Securities Exchange Commission (SEC) are two regulating offices in U.S. that have been the subjects of a number of debates as to who should have oversight on the crypto market and the illicit activities that involve cryptocurrencies. It is public knowledge that the SEC wants nothing less than full control in policing virtual assets such...

Oct 21 2022

Fat Man Terra Speaks: Do Kwon Is a ‘Sociopath’ and a ‘Charismatic Manipulator’ – Ep. 410

Oct 21 2022 Published at Unchained Podcast under tags  2022 binance bitcoin bitcoin news cftc

Fat Man Terra, the anonymous Twitter account dedicated to bringing Do Kwon to justice, reacts to my recent interview with Do Kwon and says what he thinks it revealed about his personality. Show highlights: why Fat Man Terra created the Twitter account whether Terra was used to enrich insiders how Fat Man believes Do Kwon evaded questions in the interview with Laura whether...

Oct 17 2022

Three Arrows Capital Under Investigation by SEC, CFTC: Report

U.S. regulators are reportedly investigating Three Arrows Capital (3AC) following the company's earlier bankruptcy. 3AC Faces Regulatory Probe Three Arrows Capital is under investigation. According to Bloomberg, the Securities and...

Regulation Is Coming And Bitcoin Will Benefit

CFTC and SEC regulation for bitcoin is inevitable. While some people are against it, regulatory clarity will help bitcoin adoption and boost the price.This is an opinion editorial by Shane Neagle, the editor-in-chief of "The Tokenist."The continued discussion about the need for a comprehensive U.S. regulatory framework to identify opportunities and risks within the rapidly growing Bitcoin sector has...

Oct 07 2022

Kristin Smith on Why Crypto Legislation Could Be Passed by Year’s End – Ep. 404

Kristin Smith, Executive Director of the Blockchain Association, comes to talk about Tornado Cash, the lawsuit against Ooki DAO, the SEC charges against Kim Kardashian, and crypto legislation. Show highlights: whether regulators did not understand the implications of sanctioning smart contracts the necessity of having a conversation around financial privacy whether the government wants...

Sep 30 2022

New CFTC Lawsuit May Signal Wider Trend in Regulation

Sep 30 2022 Published at Crypto Briefing under tags  cftc digitex news

Crypto and commodities derivatives trading exchange Digitex is being sued by the CFTC for offering its services illegally. The regulatory agency also made the unprecedented decision of suing a DeFi...

CFTC Commissioner – “Ethereum Is A Commodity, Even With Proof-of-Stake”

Sep 30 2022 Published at Coingape under tags  altcoin news cftc ethereum ethereum news news

CFTC Commissioner Christy Romero reiterates that the Commodity Futures Trading Commission (CFTC) still considers Ethereum as a commodity even after the proof-of-stake (PoS) transition. CFTC Chair Rostin Behnam on Wednesday said the CFTC has been asking the U.S. Congress for cash authority over Bitcoin, as well as Ethereum. CFTC Commissioner... Read more

Sep 28 2022

CFTC serves Ooki DAO members lawsuit via governance discussion forum

Sep 28 2022 Published at CryptoSlate under tags  cftc legal ooki dao regulation

The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a Sept. 27 court filing. According to the filing, the decision to take this novel approach was because the DAO did not have: "Any listed headquarters or...

Sep 27 2022

Crypto Regulation Is Coming. Which Tokens Could Be Affected?

Several crypto projects could face enforcement action under recently proposed regulatory guidelines. U.S. Moves Toward Crypto Regulation The U.S. government is getting to grips with digital asset regulation. In recent...

Sep 25 2022

New Precedents Emerge In CTC Lawsuits Against Ooki DAO

Sep 25 2022 Published at Bitcoinist.com under tags  cftc crypto news daos ethusdt ooki

Ooki DAO is currently facing the force of the futures trading watchdog. The CFTC filed a lawsuit against the platform for offering services outside its authority. The Commodity Futures Trading Commission stated that Ooki DAO offered digital asset margin trading, which they're not permitted by law to do. This service is usually handled by only Futures Commission Merchants registered with CFTC. The commission...

Sep 23 2022

CFTC Is Suing a DAO. Here’s Why DeFi Users Should Be Alarmed

Sep 23 2022 Published at Crypto Briefing under tags  analysis cftc dao defi

In the lawsuit, the Commodity Futures Trading Commission claimed that "DAOs are not immune from enforcement and may not violate the law with impunity." CFTC Sues Ooki DAO in Landmark...

CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations

Sep 23 2022 Published at CryptoSlate under tags  bzerox cftc legal ooki dao ooki protocol

The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement action charging Ooki DAO — a successor to bZeroX that operated the same protocol — for illegally offering leverage...

Sep 16 2022

Why SEC Chair Gary Gensler Was Grilled During Senate Crypto Inquiry

Sep 16 2022 Published at Bitcoinist.com under tags  cftc crypto crypto news gary gensler sbc

On Thursday, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler spoke before the Senate Banking Committee to defend the agency's stance on cryptocurrencies and its efforts to include climate risks in public company reports. Pennsylvania Senator Pat Toomey has criticized the SEC for its lack of a crypto regulatory framework. calling out Gensler for failing to recognize that cryptocurrencies are distinct from...

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