Commodity Futures Trading Commission (CFTC) – DIGIT INFO

CFTC Pays $1M to Whistleblower in Digital Asset Case

DIGIT — Sun, 11 Aug 2024 04:46:12 +0000

The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams. Digital Asset Cases Dominate CFTC Docket The Commodity Futures Trading Commission (CFTC) announced […]

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Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

DIGIT — Sat, 13 May 2023 08:49:56 +0000

Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of […]

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US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

DIGIT — Tue, 02 May 2023 00:00:31 +0000

Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of […]

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Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

DIGIT — Fri, 07 Apr 2023 02:05:02 +0000

Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange […]

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Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation

DIGIT — Tue, 13 Oct 2020 16:15:06 +0000

Ripple chief executive officer Brad Garlinghouse has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework. In a series of tweets on Oct.12, Garlinghouse said: “The lack of a single national regulatory framework is putting U.S. innovation and U.S. companies at a significant […]

The post Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation appeared first on Bitcoin News.

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