Tagged: cftc

September 28, 2018 @ 2:57 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has published the agenda for Fintech Forward 2018: Innovation, Regulation and Education, conference taking place in DC next week. The conference is a collaboration of CFTC’s LabCFTC and the Office of Customer Education and Outreach (OCEO). As part of the… Read More

September 27, 2018 @ 6:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced an enforcement action today against an Austria based international securities dealer with providing securities swaps funded by Bitcoin. The SEC charges Patrick Brunner, CEO of 1pool Ltd. a/k/a 1Broker – registered in the Marshall Islands, with violations of US… Read More

September 27, 2018 @ 3:33 pm By JD Alois  |  

In January 2018, the Commodity Futures Trading Commission (CFTC) leveled allegations of fraud and misconduct against My Big Coin, an initial coin offering (ICO) that was said to fleece $6 million from investors. My Big Coin fought back when defense counsel said the CFTC had… Read More

September 20, 2018 @ 7:09 pm By JD Alois  |  

Commodity Futures Trading Commission (CFTC) has scheduled an open meeting to be held next Thursday, September 27, 2018, at 10:00 a.m. to consider the following items: Proposed Rule Amending Registration and Compliance Obligations for Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs) Fintech Cooperation… Read More

September 20, 2018 @ 12:37 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has scheduled a meeting of its Technology Advisory Committee (TAC) to take place on October 5th at the CFTC HQ in Washington, DC. The meeting begins at 10AM and continues to approximately 3:30PM ET. According to the CFTC, the… Read More

September 17, 2018 @ 9:42 am By Cali Haan  |  

Securities litigations against cryptocurrency projects in the US have tripled in 2018, Law.com reports, and the SEC under new Chairperson Jay Clayton is leading the charge in 30% of cases. In “Securities Litigation Report of 2018,” legal analytics firm Lex Machina found 45 cases filed… Read More

September 13, 2018 @ 9:01 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) has signed an agreement to collaborate on Fintech innovation. MAS has signed many of these types of agreements over the past several years. The CFTC is unique in the US as… Read More

September 11, 2018 @ 7:36 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced that registration is open for their forthcoming Fintech focused conference. Scheduled to take place at CFTC HQ in Washington, DC, on October 3-4, FinTech Forward 2018: Innovation, Regulation and Education, is an effort to bring together policy… Read More

September 8, 2018 @ 12:12 pm By JD Alois  |  

Dan M. Berkovitz was sworn in as a Commissioner for the Commodity Futures Trading Commission (CFTC) this past week. Berkovitz was nominated by President Trump to serve as a Commissioner in April 201.  He was unanimously confirmed by the Senate on August 28, 2018. Berkovitz… Read More

September 4, 2018 @ 12:55 pm By JD Alois  |  

The Chicago Board of Options Exchange (CBOE) expects to follow in the footsteps of their Bitcoin Futures contracts and offer the same for Ethereum. This is according to a report this past weekend from Business Insider. According to the write up, ETH Futures will launch… Read More

August 29, 2018 @ 5:43 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has two new Commissioners following the Senate confirmation of Dawn Stump and Dan Berkovitz. The addition of Stump and Berkovitz means the Commission is fully staffed joining Brian Quintenz, Rostin Behnam and Chair J. Christopher Giancarlo. Until recently, Berkovitz was a… Read More

August 28, 2018 @ 9:15 pm By JD Alois  |  

Last week, the Virtual Commodity Association (VCA) officially launched and quickly scheduled a meeting for September. The inaugural members included several well-known names in the virtual currency sector. Bittrex, Bitstamp, bitFlyer USA and Gemini Trust Company were announced as founding members. At the same time, Maria… Read More

August 24, 2018 @ 9:13 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has won a big victory in a trial against Patrick K. McDonnell and CabbageTech Crop – a company that was doing business as Coin Drop Markets. McDonnel, and his company, was assessed penalties and restitution of over $1.1 million as… Read More

July 26, 2018 @ 5:30 pm By JD Alois  |  

Yesterday, J. Christopher Giancarlo, Chairman of the Commodity Futures Trading Commission (CFTC), spent some time on Capitol Hill testifying in front of the House Committee on Agriculture. While Giancarlo’s prepared remarks, and ensuing comments driven by questions from the Committee, covered a wide range of… Read More

July 23, 2018 @ 12:19 pm By JD Alois  |  

In early 2018, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Dillon Michael Dean of Longmont, Colorado and his company, The Entrepreneurs Headquarters Limited. The UK registered firm and Dean have… Read More

July 16, 2018 @ 5:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued their fourth warning on consumers purchasing cryptocurrency. The “Customer Advisory told investors to use caution and to extensive research prior to purchasing virtual coins or tokens – including “self described utility coins or consumption coins.” Erica Elliott… Read More

June 10, 2018 @ 6:31 pm By Cali Haan  |  

As part of a probe examining possible manipulation in Bitcoin markets, the regulator responsible for overseeing futures and commodity trading in the US has subpoenaed four American cryptocurrency exchanges to produce volumes of trade data, WSJ reported Friday June 8th. Top cryptocurrencies have since turned red as this… Read More

June 5, 2018 @ 5:57 pm By JD Alois  |  

U.S. Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo testified before a Senate subcommittee today to review the Fiscal Year 2019 funding requests and budget justifications for the CFTC, alongside U.S. Securities and Exchange Commission Chair Jay Clayton. Giancarlo requested a “modest increase” in… Read More

June 4, 2018 @ 4:52 pm By JD Alois  |  

CFTC Chair J. Christopher Giancarlo and SEC Chair Jay Clayton will be visiting Capitol Hill together once again to testify before a Senate Subcommittee. This time, Clayton and Giancarlo will be testifying before the Senate Committee On Appropriations Subcommittee on Budget Requests, tomorrow (June 5, 2018)… Read More

June 4, 2018 @ 6:47 am By Shaswat K. Das and Richard S. Garabedian  |  

Over the past few years, continued advancements in the payments industry and financial services technology have significantly expanded the way money financial transactions are processed and managed.  Banks and payment and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet… Read More