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Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff.In a Thursday announcement, Johnson said Bruce Fekrat will be her chief counsel at the CFTC
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A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC).The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by
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U.S. Representatives Glenn Thompson (R-Pa.) and Ro Khanna (D-Calif.) reintroduced the Digital Commodity Exchange Act Thursday, which would create a comprehensive national framework for digital assets and give the Commodity Futures Trading Commission a greater role in overseeing the sector. Source
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“A number of registered entities have discussed with CFTC staff proposals to offer ‘non-intermediated’ or direct trading and clearing of margined products to retail customers,” according to the agency’s statement. The agency will “gather information and receive expert input from a wide variety of stakeholder groups,” it said. Original Source
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The proposal from FTX.US on directly clearing its customers' derivatives is said to be the focus of a May 23 public roundtable hosted by the Commodity Futures Trading Commission. Original Source
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regulate cryptocurrency trading platforms. SEC Wants to Work With CFTC on Regulating Crypto Exchanges The chairman of the U.S. Securities and
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“I’ve asked staff to work with the Commodity Futures Trading Commission (CFTC) on how we jointly might address such platforms that might trade both crypto-based security tokens and some commodity tokens,” he said during Monday remarks at an event hosted by the University of Pennsylvania’s law school. Source
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“This proposal could end up leading to more efficient trading execution, less risk in the system,” Behnam said, adding that he’s required to cultivate “responsible innovation,” and the idea isn’t necessarily prohibited or in violation of commodities laws. Still, he considered the question worth a significant ongoing public-comment period. “As
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The company says the change would allow customers to transparently assess and respond to derivatives risk in real time. Source
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Before giving up on Ecoinplus, however, the CFTC alleges that Golden and Patel found a new business partner in Aggeson, a New York entrepreneur, and an unnamed accomplice. Modeling the new site on Ecoinplus (and taking steps to distance themselves from the Ecoinplus scheme), they created JetCoin, according to the
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