Thursday, June 1, 2023
Home > CFTC

US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) specifically addressed digital

Read More

ETH can be both a security and a commodity, former CFTC commissioner says

Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission has claimed.Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange

Read More

US CFTC Penalizes Bitcoin Pool Operator $3.4 Billion In Largest Civil Fraud Victory

Summary: South Africa-based Cornelius Johannes Steynberg was fined $3.4 billion for running an unregistered Bitcoin commodity pool operation, the CFTC announced in a Thursday statement.Steynberg founded Mirror Trading International (MTI), a BTC pool operator that illegally accepted $1.7 billion from 23,000 U.S. citizens while operating out of SA.The news marks

Read More

Former CFTC Chair Timothy Massad Among Witnesses for Crypto Hearing in U.S. House

Other witnesses include Purvi Maniar, general counsel at institutional crypto trading platform FalconX, and Nilmini Rubin, head of global policy at decentralized proof-of-stake ledger Hedera. Rounding out the panel are Daniel Davis, partner at law firm Katten Muchin Rosenman LLP, as well as its co-chair, Financial Markets and Regulation and

Read More

CFTC proposes reducing anonymity to manage risks

A commissioner of the United States  Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance

Read More

Commodity Futures Trading Commission (CFTC) Adviser Chris Perkins Says the U.S. Risks Falling Behind in Crypto

“Other countries are starting to recognize the opportunity and are springing into action,” said Perkins in an interview. “CoinFund just sent a team to Hong Kong," he continued. "It's buzzing right now. Government officials are actually going to conferences and encouraging adoption at this point in Hong Kong as they

Read More

CFTC chair says Binance intentionally broke rules concerning futures, commodities

Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), recently spoke out about the allegations levied against Binance, claiming that the beleaguered cryptocurrency exchange’s leadership knowingly operated outside of U.S. laws governing the exchange of commodities and futures. Speaking at a fireside chat that took place at the DeCenter Spring

Read More

Jane Street, Tower Research and Radix are Binance’s ‘VIP’ clients in CFTC suit: Report

Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator.According to an April 5 Bloomberg report citing "people familiar with the matter,” Radix

Read More