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In addition to ordering Giri to cease all activities related to the fraud, the CFTC wants him to disgorge or give up any monetary benefits "directly or indirectly" attached to the violation of regulations, including and not limited to salaries, commissions, loans, fees, revenues, and any trading profits. Source
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The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement.In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the
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The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets.In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers
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Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to
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“Right now, there's really a patchwork of state regulations and no federal agency to conduct oversight over the cryptocurrencies, and we know that needs to change,” said Sen. Debbie Stablenow (D-Mich.), the committee’s chairwoman, who unveiled the bill Wednesday with the panel’s ranking Republican, Sen. John Boozman (R-Ark.). “The money
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At present, most crypto exchanges are regulated at the state level, with no clear federal guidelines for registration or oversight. The SEC, the CFTC’s counterpart, has indicated that crypto exchanges listing digital securities should be treated as national securities exchanges. Source
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“I believe that anything that might impact or implicate the CFTC’s jurisdiction, it’s our job to go in there to enforce the law, and to make sure that we’re prosecuting wrongdoing,” Pham said on CryptoX TV’s “First Mover” show. “If the CFTC is involved in some way, I think we
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CFTC chair Rostin Behnam spoke at a webinar about how
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The agency’s LabCFTC, a long-running fintech team, will be transformed into the new office, which will be led by a director that reports to Behnam, he said in remarks prepared for a Brookings Institution event on Monday. The office will also be staffed by specialists, and existing CFTC employees will
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Caroline Pham, one of five commissioners with the United States Commodity Futures Trading Commission, or CFTC, has expressed concerns about the possible implications of a case the Securities and Exchange Commission, or SEC, brought against a former product manager at Coinbase.In a Thursday statement, Pham said the SEC complaint against
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