Bookmarking Crypto Insights
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On Friday, October 15, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced that it had ordered the company Tether Holdings Limited and Ifinex Inc., the parent company of Bitfinex, to pay fines totaling $42.5 million. The CFTC accuses Tether of “making untrue or misleading statements and omissions of material fact in connection with the … Read more
The settlement triggered concerns that the CFTC’s role in stablecoin regulation could be misunderstood by the public. Go to Source Powered by WPeMatico
Exactly 3% of the U.S. Senate was in attendance at the Texas Blockchain Summit on Oct. 8, all addressing their fellow lawmakers’ understanding of crypto and blockchain. Go to Source Powered by WPeMatico
On October 6, Pantera Capital published an investor’s note written by Dan Morehead, the company’s CEO. Unlike the myriad of crypto investors who believe that a bitcoin exchange-traded fund (ETF) will send the crypto asset’s value to the moon, Morehead explains it could be a negative event and when it officially launches he said he … Read more
As House Democrats grapple over the infrastructure bill, the Biden administration and Federal Reserve eye stablecoin regulation. Go to Source Powered by WPeMatico
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
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
“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
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
“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