The US continues to shift its stance on the regulator guidance of digital assets The regulatory landscape for cryptocurrency in the US is shifting, with two major agencies easing restrictions on digital asset-related activities. The Federal Deposit Insurance Corporation (FDIC) and the Commodity Futures Trading Commission (CFTC) have both taken steps to allow financial institutions
It’s unclear if the Brazilian nationals will be able to pay the fine A US federal court has imposed more than $130 million in fines and restitution against the Brazilian founders of EmpiresX, a fraudulent cryptocurrency investment platform. The Commodity Futures Trading Commission (CFTC) announced the ruling, which includes permanent bans and financial penalties for
The CFTC has issued a subpoena to the cryptocurrency company to obtain sensitive information Coinbase may be compelled to provide user data in connection with a Commodity Futures Trading Commission (CFTC) investigation into Polymarket, a blockchain-based prediction platform. The CFTC has reportedly issued a subpoena to Coinbase requesting general customer information linked to Polymarket. This
The move would give the SEC less power to manipulate cryptocurrency initiatives President-elect Donald Trump’s administration is reportedly considering shifting the oversight of cryptocurrency exchanges and spot markets for digital assets classified as commodities to the Commodity Futures Trading Commission (CFTC). This potential regulatory change could mark a significant departure from the current approach led
The two have agreed to a $12-billion fine that still needs a court’s approval The saga of bankrupt cryptocurrency exchange FTX continues with a recently announced $12.7 billion settlement with the US Commodity Futures Trading Commission (CFTC). This agreement, if approved by the court, resolves a 19-month lawsuit that alleged fraud and misrepresentations by FTX.
The CFTC reportedly had steady communication with the crypto exchange before it failed Senators Elizabeth Warren and Charles Grassley have scripted a letter to Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), seeking information about Behnam’s interactions with the former CEO of FTX, Sam Bankman-Fried, prior to the crypto exchange’s failure. The senators
The poker player and hedge fund manager was accused of manipulating futures markets Dan Shak has recently reached a settlement with the Commodity Futures Trading Commission (CFTC) two years after he was charged with engaging in a deceptive scheme to manipulate the gold and silver futures markets through a practice known as “spoofing.” While he
The controversial exchange hope to dismiss a lawsuit against it ahead of a July 27 deadline Binance, its CEO Changpeng Zhao, and former chief compliance officer Samuel Lim are planning to file two motions to dismiss a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). In the July 24 filing, they say
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