Tagged: cftc

US CFTC Announces New Director of LabCFTC: Melissa Netram

U.S. Commodity Futures Trading Commission has announced the appointment of  Melissa Netram as Director of LabCFTC. Launched in May 2017, LabCFTC is an initiative aimed at facilitating market-enhancing Fintech innovation. Netram will be responsible for coordinating closely with international and U.S. regulators and Capitol Hill… Read More

CFTC Chairman Says Ether is a Commodity, Expects Ether Derivative Products to Trade

Speaking at the Yahoo Markets All Finance conference, Commodity Futures Trading Commission Chair Dr. Heath P. Tarbert made several important comments today. Tarbert stated, that in his opinion, Ether is a commodity and thus not a security. Tarbert also predicted trading of Ether derivatives as… Read More

CFTC Technology Advisory Committee Meeting Indicates Ongoing Support for Fintech Innovation: “Our markets should always be striving to improve”

The Commodity Futures Trading Commission (CFTC) held the 4th meeting of the Technology Advisory Committee (TAC) this past week, sponsored by CFTC Commissioner Brian Quintez. Several of the topics included hot areas of Fintech such as the utilization of distributed ledger technology (DLT/ Blockchain) in… Read More

CFTC Schedules Fintech Conference for October

The Commodity Futures Trading Commission (CFTC) will host Fintech Forward 2019: Exploring the Unwritten Future. This will be the CFTC’s second annual Fintech conference where regulators and the public may interact and engage in the hot topics of innovations in financial services. Fintech Forward will… Read More

CFTC Tech Advisory Committee Schedules Meeting on Stablecoins, Custody for Crypto & More

The Commodity Futures Trading Commission (CFTC) Technology Advisory Committee (TAC) will hold a meeting tomorrow (Thursday), October 3 to discuss a series of topics that impact digital assets. CFTC Commissioner Brian Quintenz is the sponsor of TAC. During the very first panel, TAC will discuss… Read More

CFTC Alleges $7 Million Dollar Bitcoin Fraud Perpetrated by Jon Barry Thompson

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson of Easton, Pennsylvania, with fraud. Thompson allegedly “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoin worth over $7 million.” The CFTC’s complaint alleges that Thompson… Read More

New CFTC Chair Speaks Favourably About Blockchain Technology

The Commodity Futures and Trading Commission’s newly-appointed chief, Heath Tarbert, appears to be carrying forward the pro-crypto/pro-blockchain approach established at the CFTC by his predecessor, J. Christopher Giancarlo. Tarbert told reporters at CNBC in a recent interview that he has a favorable opinion of “blockchain”… Read More

Former Coinbase Exec Joins CFTC as Director of Market Oversight

Coinbase’s current VP and General Counsel for Business Lines and Markets, Dorothy Dewitt, is leaving the exchange to become Director of Market Oversight at the Commodity Futures and Trading Commission (CFTC). Dewitt’s LinkedIn profile indicates she’s been working at Coinbase for 11 months. The CFTC, “polices…derivatives… Read More

Incoming CFTC Chair says Blockchain Holds Great Promise

Published in an Op-Ed article on Fox News last week, incoming Commodity Futures Trading Commission Chair Dr. Heath P. Tarbert commented on his vision for the regulatory agency. Tarbert replaces the wildly popular J. Christopher Giancarlo who was dubbed Crypto Dad by blockchain industry supporters…. Read More

Fintech Lead Dan Gorfine to Exit the CFTC

The Commodity Futures Trading Commission (CFTC) has announced that Daniel Gorfine, the agency’s first Chief Innovation Officer and Director of LabCFTC, will depart in mid-August. Gorfine also served as the Designated Federal Officer of the CFTC’s Technology Advisory Committee. The announcement comes following the exit… Read More

LedgerX CEO Melts Down on Twitter After CFTC Denies It Approved Company’s Launch of Physically-Settled Bitcoin Futures

The CEO of a crypto derivatives trading platform called LedgerX issued a “profanity-laced” tirade on Twitter Thursday after the Commodity Futures Trading Commission contradicted the company’s widely-touted announcement that it had become the first crypto-derivatives platform in the US to launch physically-settled bitcoin futures contracts to… Read More

Report: CFTC Investigating BitMEX, Crypto Trading Platform Allowing 100x Leveraged Trades

The US Commodity Futures and Trade Commission (CFTC) is engaged in a “months-long” investigation of BitMEX, a cryptocurrency exchange that made its mark by enabling retail investors to conduct 100x leveraged trades of bitcoins, Bloomberg reports. According to “people familiar with the matter,” the CFTC… Read More

Dr. Heath P. Tarbert Takes Over at CFTC as Chair

Dr. Heath P. Tarbert was sworn in today as the 14th Chairman of the Commodity Futures Trading Commission (CFTC) replacing J. Christopher Giancarlo. Tarbert was nominated by President Trump for a term expiring on April 13, 2024. Tarbert picks up the baton from Giancarlo, a… Read More

Federal Court Orders Duo to Pay Penalties, Restitution for Bitcoin Fraud

In a case brought by the Commodity Futures Trading Commission (CFTC), two defendants, Morgan Hunt and Kim Hecroft, were ordered to pay almost $400,000 in penalties and restitution regarding Bitcoin-related fraud. The CFTC cautioned that the repayment of funds to victims may not result in… Read More

CFTC Announces Fintech Forward 2019 Conference, Launches LabCFTC Accelerator

The Commodity Futures Trading Commission (CFTC) has scheduled its second Fintech conference: Fintech Forward 2019. The event is scheduled to take place at CFTC HQ on October 24, 2019 – during DC Fintech Week. Additionally, the CFTC has launched “LabCFTC Accelerator,” a component of LabCFTC…. Read More

Crypto Trading Platform LedgerX Approved by CFTC as Designated Contract Market

LedgerX, a crypto trading platform that specializes in physically-settled digital currency derivatives, has been approved by the Commodity Futures Trading Commission (CFTC) as a designated contract market (DCM). DCMs are exchanges that may list for trading futures or option contracts based on all types of commodities and… Read More

Outgoing CFTC Chairman Giancarlo: Regulation of Futures and Blockchain Should Be Largely Led by Markets

In a speech delivered to delegates of the Commissione Nazionale per le Societa e la Borsa (CONSOB- Italy’s securities regulator), CFTC Chairman J. Christopher Giancarlo highlighted his organization’s commitment to regulating commodities markets, including the cryptocurrency sector, in a manner that gives room for innovation. He… Read More

Facebook Reportedly in Talks With U.S. Regulator About Cryptocurrency Plans

Continuing momentum for its cryptocurrency initiative, social media giant Facebook is reportedly in talks with U.S. Commodity Futures Trading Commission (CFTC) about the upcoming digital coin launch. According to various reports, Christopher Giancarlo, the Head of the CFTC, revealed that the regulator is in “very… Read More

The SEC and CFTC Join in Signing IOSCO Multilateral Memorandum of Understanding on Cross Border Enforcement

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both signed the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU). The announcement comes following the 44th Annual International Organization of Securities Commissions… Read More

Ethereum Price Spikes 10% On News CFTC May Approve ETH Futures

The price of Ethereum (ETH), beleaguered for over a year, jumped from ~$160 USD to ~$180 USD in the hours following a May 6th Coindesk report that the CFTC may be “comfortable” with allowing trading of ETH futures. Image from Coinmarketcap. The price had settled… Read More

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