Category: CFTC

3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets

3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets

Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to make the Commodity […]

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Every U.S. crypto exchange is under investigation by the SEC; Senator Lummis’ staffer

A staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office has stated that every crypto exchange in the US including the largest in the world, Binance, is being investigated. An undisclosed senior executive at a large cryptocurrency exchange has hinted that many US exchanges more likely received Wells Notices. US lawmaker Brad Sherman recently questioned the […]

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U.S. CFTC expands its tech innovation team to oversee the crypto market

CFTC is building its technology team which will replace the existing fintech team dubbed LabCFTC. CFTC Commissioner Caroline D. Pham hinted at having cautious optimism while maintaining the balance between crypto innovation and retail protection. The U.S. Commodities and Futures Trading Commission (CFTC) is working to shoulder the responsibility of regulating the crypto sector. CFTC […]

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SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’

SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’

The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement […]

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US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme

US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme

A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coins were backed by gold and that the company had a partnership with Mastercard. My Big Coin’s Founder Convicted The U.S. Department of Justice […]

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CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC […]

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SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler. SEC Chairman Calls for One Rule Book for Crypto SEC […]

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SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation 

US Securities and Exchange Commission (SEC) Chair Gary Gensler has sought a formal cooperation between financial agencies to regulate the crypto assets effectively. One Rulebook for Crypto Trade According to a news report in the Financial Times, Gensler said there should be one rule book so that bad actors don’t make use of regulatory gaps and […]

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Max Keiser: There’re a Few Fatal Flaws in Sen Lummis’ Crypto Bill

Max Keiser: There’re a Few Fatal Flaws in Sen Lummis’ Crypto Bill

Following years of lack of regulatory clarity, the US authorities finally received a bill proposition that aims to shed some light on how the local watchdogs could oversee the cryptocurrency industry. Spearheaded by Sen. Cynthia Lummis (R-WY), with bipartisan support from Kirstin Gillibrand (D-NY) and Ted Cruz (R-TX), the bill aims to classify most digital […]

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