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Commodity Futures Trading Commissioner Summer K. Mersinger, joined CoinDesk TV’s “First Mover,” to discuss the implications of enforcement by regulation and why it could be setting a “dangerous” precedent. Original Source
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Critics claim the regulators’ enforcement-first approach sets dangerous precedents in the absence of clear guidance for projects. Original Source
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“A key bZeroX objective in transferring control of the bZx Protocol (now the Ooki Protocol) to the bZx DAO (now the Ooki DAO) was to attempt to render the bZx DAO, by its decentralized nature, enforcement-proof. Put simply, the bZx Founders believed they had identified a way to violate the
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While, as Dilendorf pointed out, the action was a “wake-up call” for crypto founders who think a DAO is a shield from regulation, attorneys have also pointed out that it’s a wake-up call for industry participants who have groused about crypto regulation under the SEC, assuming that the CFTC would
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The Senate legislation – introduced in August by the leaders of the Senate Agriculture Committee, Chairwoman Debbie Stabenow (D-Mich.) and senior Republican, John Boozman (R-Ark.) – is a relatively narrow effort to install the CFTC as a leading agency to oversee digital assets trading and to exercise new authority over
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United States Senate Agriculture Committee chair Debbie Stabenow and ranking member John Boozman introduced the Digital Commodities Consumer Protection Act bill on Wednesday. The bill has been expected for several months. Like the Digital Commodities Exchange Act (DCEA) introduced into the House of Representatives by members of the House Agriculture
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On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with
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The Securities and Exchange Commission has tapped Dan Berkovitz, the CFTC commissioner who voiced concerns around DeFi regulation, as its new top lawyer.Berkovitz will become General Counsel for the SEC on Nov. 15, replacing acting General Counsel John Coates, according to a press release. Berkovitz had previously announced his intention
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Still facing a courtroom assault in the U.S. for allegedly facilitating money laundering, BitMex is trying to show regulators that it's trying. On Jan. 12, the legally besieged crypto exchange released a blog post advertising further work with blockchain analytics firm Chainalysis. BitMex said its aim was "to identify, investigate, and
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The crypto industry was shocked to hear that the U.S. Commodities and Futures Commission (CFTC) formally charged the
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