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Policy“What I discourage here at the CFTC is bringing enforcement actions without giving [crypto firms] the tools they need to be compliant.” Stump said.By Jamie CrawleyDec 8, 2021 at 9:42 a.m. UTCUpdated Dec 8, 2021 at 9:42 a.m. UTCCFTC (Shutterstock) Original Source
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Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems.In a Wednesday hearing of the Joint Economic Committee on the role of digital assets in government, Massad said a central
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Cryptocurrency exchange FTX US has tapped former U.S. Commodity Futures Trading Commision (CFTC) commissioner Mark Wetjen as its head of policy and regulatory strategy, the company announced Tuesday. The move comes at a time when the crypto industry is facing heightened scrutiny from regulators in the U.S. and around the
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The U.S. Commodity Futures Trading Commission (CFTC) has neither confirmed nor denied a report that it’s investigating a popular Ethereum-based betting market. But you’re free to place bets on the likelihood of such a probe on the platform at the center of the kerfuffle, Polymarket.Founded in March 2020, Polymarket allows
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This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW does an extended brief, covering:The CFTC Chair arguing for more power to regulate cryptoComments from the FDIC chair saying that banks need to be allowed to participate in crypto marketsThe latest CBDC efforts from Europe and NigeriaBakkt hooks up
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Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty.At an Oct. 27 hearing of the U.S. Senate Committee on Agriculture, Nutrition, and Forestry to assume his position on a permanent
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“Given the size, the scope and the scale of this emerging market, how its interfacing and affecting customers, retail customers, and then with the scale of the growth being so rapid, potential financial stability risks in the future, I think it’s critically important to have a primary cop on the
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Polymarket is being investigated by the Commodity Futures Trading Commission (CFTC) to see whether the prediction market platform is letting customers improperly trade swaps or binary options and if it should be registered with the agency, Bloomberg reported, citing people familiar with the matter. Original Source
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On Sept. 29, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced it had filed 14 complaints against various crypto trading platforms. It was the busiest day of action for the nation’s top commodities regulator and a noted departure from its usual course. Between 2015 and the end of June
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On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material
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