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The chairman of the Commodities and Futures Exchange Commission (CFTC) believes regulated derivatives will instill market confidence in cryptocurrencies.Chair Heath Tarbert told Cheddar Monday that his agency is helping create a regulated futures market that investors would be able to "rely on" for better "price discovery, hedging and risk management.""By
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Six months after the U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Control Finance, the regulatory agency is yet struggling to capture the mastermind behind the crypto pyramid scheme.Filed mid-2018, the CFTC accused Control Finance and its Director Benjamin Reynolds of defrauding naive investors through a fraudulent crypto
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The former chief executive of bitcoin derivatives exchanges Bakkt is to join the committee that oversees the Commodity Futures Trading Commission (CFTC), raising concerns of a possible conflict of interest. The newly appointed senator, Kelly Loeffler (R., Ga.), will serve on the Senate Agricultural Committee, which is responsible for defining
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The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million.Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More
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Chairman of the United States Commodity Futures Trading Commission (CFTC), Heath Tarbert, recently discussed crypto at Harvard Kennedy School as part of a series of lectures that revolved around financial regulations.Tarbert talked about the agency and its stance on cryptocurrency, and how the CFTC team is still processing the information
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The last few years have seen national governments and central banks grappling with how to regulate the crypto-sphere. The US is no exception, but the Commodity Futures Trading Commission (CFTC) is one federal agency that is more supportive of the industry’s growth. This bullish view was reinforced by CFTC Chairman
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The board of directors of Ledger Holdings, Inc., parent company to LedgerX, announced that co-founders Paul and Juthica Chou have been placed on administrative leave, effective immediately.In a Dec. 9 press release, the Bitcoin (BTC) derivatives exchange LedgerX explained that the two executives will be replaced by Larry E.
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LedgerX offers bitcoin derivatives products to institutional and retail investors in the U.S., primarily physically-settled options and swaps contracts. The company failed in a bid to launch physically-settled bitcoin futures earlier this year, though its application to modify a Commodity Futures Trading Commission (CFTC) registration allowing it to do so
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Former United States Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo was hired as senior counsel at the New York-based law firm Willkie Farr & Gallagher.Digitize the dollar and take power away from central banksOn Dec. 2, Reuters reported that Giancarlo in his new role at Willkie Farr &
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Despite some headlines, CFTC chief Heath Tarbert didn't actually say Libra is a security, even if it is different from commodity bitcoin. Source
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