Commodity Futures Trading Commission. – DIGIT INFO

CFTC accuses pastor of shilling $6M crypto Ponzi to congregants

DIGIT — Wed, 11 Dec 2024 06:09:31 +0000

The CFTC has accused a pastor of promoting a crypto scheme to churchgoers, which it alleged promised guaranteed returns of nearly 35%.

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CFTC bags record $17B in 2024 thanks to massive crypto enforcement

DIGIT — Thu, 05 Dec 2024 08:28:01 +0000

The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.”

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DC Circuit Court Rules Kalshi’s US Election Bets Legal

DIGIT — Sat, 05 Oct 2024 20:46:34 +0000

This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. […]

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CFTC slaps $36M fine on man for 5-year crypto investor fraud

DIGIT — Sun, 22 Sep 2024 03:14:58 +0000

The US regulator ordered approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme.

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Rep. Torres ‘happy’ to help CFTC in regulating election betting contracts

DIGIT — Sat, 14 Sep 2024 05:12:13 +0000

New York Congressman Ritchie Torres stated he is “more than happy” to work with the CFTC to develop a plan for regulating election betting contracts in the United States.

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US court approves settlement against Binance, firm to pay $2.7B to CFTC

DIGIT — Mon, 18 Dec 2023 22:19:35 +0000

Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action.

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Taiwan officials launch inquiry into crypto betting on election results: Report

DIGIT — Sat, 16 Dec 2023 01:51:21 +0000

Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election.

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CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme

DIGIT — Wed, 26 Jul 2023 04:50:01 +0000

Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.

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Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

DIGIT — Tue, 25 Jul 2023 01:56:59 +0000

Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.

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The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO

DIGIT — Sun, 11 Jun 2023 06:45:10 +0000

In an interview with WSJ, Coinbase CEO, Brian Armstrong, explained that entrepreneurs who left the United States will return when the government finds the “right outcome” for crypto regulation.

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