Tagged: cftc

January 9, 2023 @ 10:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against Avraham Eisenberg, alleging a fraudulent scam to obtain over $110 million in digital assets from a decentralized digital asset exchange. The enforcement action has been filed in the U.S. District Court for the… Read More

December 21, 2022 @ 11:54 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has joined both the SEC and US Department of Justice in filing fraud charges against Caroline Ellison, former Alameda CEO, and Gary Wang, FTX co-founder and former CTO. The CFTC initially filed the fraud action on December 13 against… Read More

December 17, 2022 @ 2:19 pm By JD Alois  |  

  The trifecta of legal action against Sam Bankman-Fried and the failure of FTX blossomed this past week as the US Attorney for the Southern District of New York filed criminal charges against Bankman-Fried. These charges were joined by civil charges filed by both the… Read More

December 13, 2022 @ 12:13 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a complaint in the US District Court for the Southern District of New York against Sam Bankman-Fried, FTX, and Alameda Research. The CFTC complaint charges the defendants with fraud and material misrepresentations in connection with the sale… Read More

December 6, 2022 @ 10:19 am By JD Alois  |  

Former Commodities Futures Trading Commission (CFTC) Commissioner Brian Quintenz has joined a16z Crypto in a full-time role as its new Head of Policy. a16z Crypto is a leading VC operation investing in blockchain-based platforms, including Web3. While at the CFTC, Quintenz led the Commission’s Technology… Read More

December 4, 2022 @ 5:24 pm By JD Alois  |  

Last week, the Senate Agriculture Committee, which has oversight of commodities markets, held a hearing on the collapse of FTX, once an inside-the-beltway darling, today a virtual pariah as policymakers rush to react to the bankruptcy of the crypto exchange. Before the crypto exchange went bust,… Read More

December 1, 2022 @ 5:40 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) reports that the US District Court for the Southern District of New York has entered a consent order for a permanent injunction, restitution, and equitable relief against Jeremy Spence of Bristol, Rhode Island, who conducted business as Coin Signals…. Read More

December 1, 2022 @ 7:45 am By JD Alois  |  

The Senate Committee on Agriculture will hold a hearing today (December 1, 2022) at 10 AM ET to review the failure of FTX. This Committee holds oversight on the commodities industry and, therefore on aspects of crypto markets that are deemed to be regulated commodities…. Read More

November 14, 2022 @ 4:11 pm By JD Alois  |  

The bankruptcy of FTX and many of its affiliated entities have pummeled all crypto markets. Many observers wonder if there is another shoe to drop. Meanwhile, crypto-associated firms continue to make announcements regarding any impact the collapse of crypto may have on their operations. It… Read More

November 14, 2022 @ 9:42 am By JD Alois  |  

According to a note from the Commodity Futures Trading Commission (CFTC), LedgerX LLC (dba FTX US Derivatives), has pulled its application to amend FTX’s Amended Order of Registration as a derivatives clearing organization to allow FTX to offer products that are not fully collateralized. The… Read More

November 9, 2022 @ 1:18 pm By JD Alois  |  

Things are going from bad to worse for FTX, which was the second-largest crypto exchange in the world – just last week. Reports have filtered in that regulators, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are “probing” FTX.us… Read More

October 20, 2022 @ 10:59 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of Inspector General (OIG), has issued a report on the management of the SEC that criticizes multiple aspects of the Commission’s operations. Aiming to promote integrity and efficiency, the OIG is an independent office within the SEC that… Read More

October 3, 2022 @ 2:17 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a complaint against Adam Todd and four companies he controlled – Digitex LLC, Digitex Limited, Digitex Software Limited, and Blockster Holdings Limited Corporation. Filed in the U.S. District Court for the Southern District of Florida, the CFTC… Read More

September 22, 2022 @ 10:02 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed and settled charges against bZeroX and founders Tom Bean and Kyle Kistner. The CFTC alleges that respondents illegally offered leveraged and margined retail commodity transactions in digital assets. The CFTC states that the activity can only be… Read More

September 14, 2022 @ 10:48 am By JD Alois  |  

On Monday, the US Department of Justice announced it had received a guilty plea from the “first-ever cryptocurrency insider trading case.” Originally covered this past July, the Securities and Exchange Commission (SEC) simultaneously filed insider trading charges along with the U.S. Attorney’s Office for the… Read More

September 8, 2022 @ 2:12 pm By JD Alois  |  

SEC Chairman Gary Gensler continues to assert that pretty much all digital assets are securities and should be regulated as such. As part of the SEC Speaks series, Chair Gensler said that of the approximately 10,000 “tokens” he believes they are securities and the few… Read More

September 2, 2022 @ 1:01 pm By JD Alois  |  

FTX US Derivatives has added former CFTC Commissioner Jill Sommers to the Company’s Board of Directors. FTX US Derivatives previously operated as LedgerX, which was acquired by the company in 2021. Regulated by the CFTC, the company provides a digital currency futures and options exchange… Read More

August 12, 2022 @ 3:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against Rathnakishore Giri and his firms, NBD Eidetic Capital, LLC and SR Private Equity, LLC, alleging digital asset trading ploy that pilfered $12 million from unsuspecting investors. The CFTC also filed charges against Giri’s parents, Giri Subramani and… Read More

August 5, 2022 @ 9:55 am By JD Alois  |  

Earlier this week, it was reported that a bipartisan group of US Senators had developed legislation aimed at providing greater regulatory clarity regarding crypto in the US. Senators from the Senate Agriculture Committee joined to craft a bill that gave the Commodity Futures Trading Commission… Read More

August 4, 2022 @ 2:57 pm By JD Alois  |  

Yesterday, a bipartisan group of US Senators announced legislation designed to give certain digital assets better regulatory clarity. Senators Debbie Stabenow, Chairwoman of the Senate Committee on Agriculture and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune, have joined to craft the language of… Read More