Supreme Court ruling ‘changes the game’ for US crypto firms
The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.” Go to Source
CFTC
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BitMEX expects ‘no further fines’ for ‘old’ AML violation in US
BitMEX addresses the DOJ’s BSA charge as a past issue, highlighting their compliance improvements and founders’ prior penalties. Go to Source
CFTC Chair reiterates BTC and ETH are commodities in testimony
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors. Go to Source
CFTC Wins Case Against Crypto Fund Operators
The U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment on Monday, finding that the defendants misrepresented the performance of their crypto funds, operated a … Read more
President of Jump Crypto steps down
Kanav Kariya announced his resignation amid reports of a pending investigation into Jump Crypto’s activities and several incidents dating back to 2022. Go to Source
Report Claims Jump Trading Under CFTC Probe for Crypto Activities
The Commodity Futures Trading Commission (CFTC) has initiated an inquiry into the cryptocurrency activities of Chicago-based Jump Trading, according to a report by Fortune’s Leo Schwartz. This investigation forms part of a larger regulatory review, though it does not suggest any wrongdoing by the firm. Jump Trading Under CFTC Scrutiny Jump Trading, noted for its … Read more
President Biden announces picks for SEC, FDIC and Treasury leadership
CFTC Commissioner Christy Goldsmith Romero could replace Martin Gruenberg after allegations of a toxic workplace culture at the FDIC. Go to Source
FIT21 bill a ‘watershed moment’ for crypto despite CFTC-SEC friction
FIT21 is the first bipartisan legislation of its kind to pass in either chamber of Congress, but is its dual-agency model workable? Go to Source
Implementing FIT21 could be a ‘slow, slow process’ — CFTC Commissioner
Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted. Go to Source
FIT21 crypto bill passes US House: Here’s what could happen next
The crypto-regulating bill is headed to a cloudy future in the Senate with no companion bill and faces one of the country’s most prominent crypto critics. Go to Source
