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Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC. Go to Source Powered by WPeMatico
Giancarlo has been a vocal supporter of cryptocurrencies and CBDCs and has called for a “do no harm approach” to blockchain regulation. Go to Source Powered by WPeMatico
With the addition of Caroline Pham’s and Summer Mersinger’s names sent to the Senate for confirmation, the U.S. President has the opportunity to completely reshape the CFTC leadership. Go to Source Powered by WPeMatico
ICO tokens from Crowd Computer were sold to Americans as “investment contracts” according to the SEC’s complaint, which classifies them as securities. Go to Source Powered by WPeMatico
“All derivatives markets must operate within the bounds of the law regardless of the technology used,” said Acting Director of Enforcement Vincent McGonagle. Go to Source Powered by WPeMatico
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,’” said the derivatives regulator. CFTC Takes First Crypto … Read more
The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset market. Comprehensive Crypto Bill Coming up in US, Says Senator … Read more
This week in crypto regulation was marked by officials expressing contradictory views on how to approach digital assets. Go to Source Powered by WPeMatico
At his October confirmation hearing, Rostin Behnam said it was “critically important to have a primary cop on the beat” of an emerging market that included cryptocurrencies and stablecoins. Go to Source Powered by WPeMatico
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the … Read more