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.
Category: Commodity Futures Trading Commission.
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Taiwan officials launch inquiry into crypto betting on election results: Report
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election.
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.
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Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.
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The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO
In an interview with WSJ, Coinbase CEO, Brian Armstrong, explained that entrepreneurs who left the United States will return when the government finds the “right outcome” for crypto regulation.
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CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
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The CFTC could prevent the next FTX with some congressional help
The Commodity Futures Trading Commission should be responsible for preventing companies like FTX from taking root in the future.
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SEC boss worries crypto bill undermines financial protections
A provision in the bill gives authority over some cryptocurrencies to the Commodity Futures Trading Commission (CFTC), with the agency head saying it cares about having “rigorous oversight of markets.”
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Gillibrand and Lummis state that most altcoins are securities
“Most cryptocurrencies go to the SEC […] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said the U.S. Senator from New York Kirsten Gillibrand.
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Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade substantially, regularly and continuously, are allowed a maximum capital […]
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