Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3
As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation. Go to Source Powered by WPeMatico
CFTC
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CFTC Charges 14 Trading Platforms Offering Crypto-Related Investments
The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to be registered. These websites also exhibit other signs of being scams. 14 Entities Charged by CFTC After charging major cryptocurrency exchange Kraken, the Commodity Futures … Read more
CFTC charges 12 New York crypto options businesses with failing to register
The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade. Go to Source Powered by WPeMatico
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. Go to Source Powered by WPeMatico
CFTC commissioner Dan Berkovitz will become SEC general counsel
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive,” and hinted that decentralized finance platforms were likely illegal under the Commodity Exchange Act. Go to Source Powered by WPeMatico
CFTC commissioner: agency doesn’t have enforcement resources without Congress
“We’re not necessarily looking for more authority without more resources,” said Dan Berkovitz in regards to crypto markets. Go to Source Powered by WPeMatico
Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea. Go to Source Powered by WPeMatico
CFTC renewed: What Biden’s new agency picks hold for crypto regulation
The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise? Go to Source Powered by WPeMatico
President Biden announces picks to fill CFTC vacancies
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. Go to Source Powered by WPeMatico
BlockFi board of directors replaces ‘Crypto Dad’ after four months
“I’m looking forward to continuing to advise this impressive group of leaders, as they work to bridge the worlds of traditional finance and blockchain technology,” said Christopher Giancarlo. Go to Source Powered by WPeMatico