CFTC

CFTC conducting probe of decentralized prediction platform Polymarket: report

CFTC commissioners speak up after SEC files crypto insider trading case

Members of the Commodity Futures Trading Commission (CFTC) stressed the need for more regulatory collaboration after the Securities and Exchange Commission (SEC) lodged a digital assets insider trading case today against a former Coinbase employee and his associates. CFTC commissioners were unusually public in calling for more collaboration. Commissioner Caroline Pham called the action …

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Coinbase to launch 'nano' bitcoin futures via brokerages as it pursues CFTC approval

Coinbase to launch ‘nano’ bitcoin futures via brokerages as it pursues CFTC approval

Coinbase will roll out its first derivatives product next week with the launch of so-called “nano” bitcoin futures. In a Thursday blog post, Coinbase Derivatives Exchange — the renamed FairX, which was acquired by Coinbase this year — said it would “launch its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin …

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CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Officials with the Commodity Futures Trading Commission (CFTC) allege Sam Ikkurty (also known as Sreenivas I Rao), of Portland, Ore., and Ravishankar Avadhanam of Aurora, Ill., as well as several corporate entities controlled by the defendants, worked together to convince their victims to invest in a “so-called income fund invested in digital assets.” Source link

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

Congressman introduces Digital Commodity Exchange Act to set up CFTC regime for crypto exchanges

A new bill looking to establish a reporting regime for cryptocurrency exchanges is now formally before Congress.  On April 28, Glenn “GT” Thompson (R-PA) introduced Digital Commodity Exchange Act. The DCEA would set up a reporting regime for crypto exchanges with the Commodity Futures Trading Commission.  Thompson’s announcement of the bill said “The DCEA builds …

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CFTC conducting probe of decentralized prediction platform Polymarket: report

CFTC conducting probe of decentralized prediction platform Polymarket: report

advertisement The Commodity Futures Exchange Commission is said to be investigating Polymarket, the decentralized prediction market, according to Bloomberg sources. The news service said that that the derivatives regulator is “investigating whether Polymarket is letting customers improperly trade swaps or binary options and if it should be registered with the agency.” “Polymarket is firmly committed …

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An exit interview with Brian Quintenz on his move from the CFTC to the crypto industry

An exit interview with Brian Quintenz on his move from the CFTC to the crypto industry

Quick Take Recently departed CFTC Commissioner Brian Quintenz has a new position advising a16z on crypto. The Block caught up with Quintenz to get his thoughts on the direction of his old agency, the CFTC versus SEC debate, and why he joined a16z. This feature story is available to subscribers of The Block Daily. You …

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CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

The Commodities Futures Trading Commission (CFTC) has filed and settled charges against Kraken for failing to register as a futures commission merchant and offering margin transactions in crypto.  Kraken will pay a $1.25 million civil monetary penalty and refrain from further violations, according to a statement from the CFTC. The agency claims the crypto exchange …

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Legislation calls on CFTC to help craft effective crypto rules

Legislation calls on CFTC to help craft effective crypto rules

advertisement Newly submitted legislation in Congress seeks to push the Commodities Futures Trading Commission (CFTC) to create reports to bring more clarity to digital asset markets. Rep. Darren Soto (D-FL) introduced the two bills yesterday, co-sponsored by Reps. Ted Budd (R-NC), Ro Khanna (D-CA) and Warren Davidson (R-OH). The co-sponsors are all members of the …

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Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase has settled with the Commodity Futures Trading Commission, according to a Friday announcement, and will pay a $6.5 million penalty. The settlement focused on two areas: information about trade activity on Coinbase’s GDAX trading platform and allegations of wash trading by a Coinbase employee during a six-week period in 2016. The U.S. regulator said …

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0x senior counsel moves to policy advisory role at CFTC

0x senior counsel moves to policy advisory role at CFTC

A decentralized finance project’s senior counsel is headed to the halls of the U.S.’s commodities regulator. Jason Somensatto of 0x tweeted today he’d be joining the Commodity Futures Trading Commission (CFTC) as a policy and tech specialist. Somensatto will be joining the CFTC’s fintech innovation arm, LabCFTC. The branch advises CFTC staff on policy related …

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