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“We’re believers in transparent, bipartisan, tailored policymaking that provides clear rules of the road, that embraces the technology and respects consumers’ needs,” Quintenz said in an interview. “The events of this year have really crystalised the need for legislation,” he said, and much of the current legislation would position his
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The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.” CFTC’s Meetings With FTX
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The CFTC chair accepted that he had conducted nearly 12 meetings with SBF in the last 14 months before bankruptcy. SBF was looking to secure a clearinghouse license for FTX subsidiary LedgerX.It’s not a new story that FTX‘s disgraced founder Sam Bankman-Fried was in close contact with US lawmakers. However,
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CFTC Commissioner Kristin Johnson is pushing for her agency to work on policies to further tighten custody of customer assets as the CFTC sanctions another crypto Ponzi scheme. Source
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U.S. Fed Chair Jerome Powell’s remarks on Wednesday signaled a likely slowing down in interest rate hikes as soon as the central bank’s mid-December meeting, causing mixed results in equity markets. The S&P 500 index and Dow Jones Industrial Average closed down 0.09% and 0.56%, respectively, while the Nasdaq Composite
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Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that while new legislation allowing his agency greater spot market oversight over crypto should move swiftly, lawmakers should also ensure there are no "gaps." Original Source
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Appearing on CryptoX TV, Summer K. Mersinger discussed why the need to regulate crypto will require working closely with other agencies. Source
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“There are elements of the application that I think have merit, but ultimately, we didn't come up with a decision,” Behnam said at an event in London hosted by the Financial Times. “We were actually not even close, because there were more questions,” he added, citing issues of law, policy
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“The CFTC relies upon a razor-thin metaphysical distinction between the Ooki DAO and Ooki Protocol. According to the CFTC, the Ooki Protocol is software. In contrast, (per the CFTC) the Ooki DAO is ‘a group of users of the Ooki Protocol who (a) chose not to incorporate, and (b) both
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United States Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation may have arrived. Speaking at the Texas Blockchain Summit on Nov. 18, Mersinger considered what it may take for effective crypto regulation in the United States.“Lately it’s probably been 70-80% of
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