CFTC – DIGIT INFO

CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities

CFTC Takes Legal Action Against Kucoin, Highlights BTC, ETH, and LTC as Commodities

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kucoin, emphasizing the classification of bitcoin, ethereum, and litecoin as commodities. The enforcement action, launched in the U.S. District Court for the Southern District of New York, accuses Kucoin of multiple regulatory breaches involving these digital assets. Kucoin’s Legal Battles Shine a Bright […]

Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”

Coinbase on Grayscale Ethereum ETF Application: "ETH Is a Commodity, Not a Security"

Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum Grayscale Fund Conversion as a […]

US court approves settlement against Binance, firm to pay $2.7B to CFTC

Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.

Tax services are getting pushy to have crypto declared: Law Decoded, Nov. 27–Dec. 4

Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared.

Courts will provide ‘good guidance’ for crypto — CFTC commissioner

Kristin Johnson proposed several potential paths for handling digital assets in the United States — through Congress, having private companies address governance and the courts.

US regulators doing ‘good job of alienating’ crypto sector — Cardano founder

Charles Hoskinson took a jab at the perceived inconsistency in applying decentralization standards by the U.S. Securities and Exchange Commission (SEC).

SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs

The request for public comment are standard for ETFs under review and have an open period of 35 days.

Coinbase warns customers about subpoena in apparent CFTC Bybit probe

Cryptocurrency exchange Bybit restricts use in the United States, although it may be possible to get around it.

Binance settles with U.S. government: Timeline of US enforcement actions

U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange.

US officials announce $4.3B settlement with Binance, plea deal with CZ

Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.