Tagged: cftc

November 19, 2019 @ 6:11 pm By JD Alois  |  

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert published an Op-Ed today which appeared in Fortune as well as the CFTC website. Tarbert called for a more principles-based approach regarding Fintech innovation – not more rules. Tarbert said that a principles-based approach can provide the… Read More

November 3, 2019 @ 4:47 pm By JD Alois  |  

An ongoing enforcement action brought by the Commodity Futures Trading Commission (CFTC) pertaining to a cryptocurrency called ATM Coin has been resolved with a federal court ordering defendants to pay over $4.25 million in penalties. The US District Court of Eastern District of New York… Read More

November 1, 2019 @ 2:36 pm By Cali Haan  |  

A Switzerland-based securities dealer called XBT Corp/First Global Credit has been charged and fined by the American SEC and CFTC for, “selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.” The company’s website has… Read More

October 24, 2019 @ 2:23 pm By JD Alois  |  

Announced during the CFTC Fintech Forward 2019 today, digital asset exchange Bakkt will start offering Bitcoin options beginning this December. Kelly Loeffler,  Chief Executive Officer of Bakkt, revealed the news during a panel discussion on “Re-imagining Markets: What Digitization Means … for Transactions, Custody, and… Read More

October 24, 2019 @ 11:00 am By JD Alois  |  

GFIN, or the Global Financial Innovation Network, has gained multiple US regulators as members. GFIN now lists the US Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC) as members joining the Commodity Futures Trading Commission… Read More

October 22, 2019 @ 9:15 am By Omar Faridi  |  

Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), has reiterated the statement that  Ether (ETH) futures contracts might be introduced next year. Earlier this month, Tarbert broke the news on the possibility of ETH futures during the Yahoo Markets All Finance conference. Tarbert… Read More

October 16, 2019 @ 8:24 pm By JD Alois  |  

The U.S. Commodity Futures Trading Commission has filed a civil enforcement action against David Gilbert Saffron and Circle Society Corporation, based in Nevada. The CFTC alleges fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme Saffron operated through Circle Society…. Read More

October 10, 2019 @ 9:57 am By JD Alois  |  

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

October 10, 2019 @ 9:45 am By JD Alois  |  

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

October 6, 2019 @ 1:52 pm By JD Alois  |  

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

October 4, 2019 @ 10:31 am By JD Alois  |  

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

October 2, 2019 @ 2:17 pm By JD Alois  |  

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

September 30, 2019 @ 1:33 pm By JD Alois  |  

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

September 24, 2019 @ 10:27 pm By Cali Haan  |  

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

September 19, 2019 @ 2:06 am By Cali Haan  |  

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

August 4, 2019 @ 2:38 pm By JD Alois  |  

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

August 2, 2019 @ 6:09 pm By JD Alois  |  

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

August 2, 2019 @ 5:39 pm By Cali Haan  |  

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

July 20, 2019 @ 12:47 pm By Cali Haan  |  

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

July 15, 2019 @ 1:34 pm By JD Alois  |  

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