CFTC

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CFTC’s Christopher Giancarlo Criticizes Outdated Regulatory Mandate

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The chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. … Read more

Outdated Statutes Hindering Crypto Regulation: CFTC Chair

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Bitcoin and many other cryptocurrencies have elements of all asset classes. This makes it very complicated for regulators to come up with a comprehensive regulatory framework for this industry. That’s according to the US Commodity Futures Trading Commission (CFTC) chairman, Chris Giancarlo, in an interview with CNBC. He added that as a regulator, he doubts there will be a solution … Read more

This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification

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A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on … Read more

Cryptocurrency Market Manipulation Is Rife – But Does Anyone Care?

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From pump and dump groups to insiders trading on esoteric knowledge, market manipulation is rampant within the cryptocurrency space. While some of it is illegal, most of the activity is either legal or quasi-legal, falling into the sea of grey that separates lawful land from unlawful territory. Everyone knows that market manipulation is endemic. The … Read more

CFTC Aims to End Cryptocurrency Pump-and-Dumps With a Bounty Program

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Pump-and-dump schemes are nothing new in the world of Bitcoin and cryptocurrencies. Such scams and hype cycles come around virtually every other week. The US Commodity Futures Trading Commission is all too aware of such developments. As such, the agency has created a bounty program meant to encourage whistle-blowers to expose these schemes. Ending Crypto Pump-and-dumps … Read more

Ether & Ripple Doomed As Securities According to Regulation Expert

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Former Obama administration financial regulator Gary Gensler believes cryptocurrencies such as ether and ripple appear as unregistered securities, and in current violation of the law. His comments carry considerable weight in the broader financial community. They also come after venture capitalists and lawyers invested in ether projects met secretly with the US Securities and Exchange … Read more