Tagged: cftc

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

July 11, 2019 @ 11:18 am By JD Alois  |  

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

June 27, 2019 @ 1:16 pm By JD Alois  |  

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

June 25, 2019 @ 12:06 pm By JD Alois  |  

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

June 3, 2019 @ 7:52 pm By Cali Haan  |  

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

June 3, 2019 @ 3:02 pm By Samantha Hurst  |  

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

May 20, 2019 @ 5:39 pm By JD Alois  |  

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

May 8, 2019 @ 11:47 pm By Cali Haan  |  

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

March 21, 2019 @ 2:00 am By JD Alois  |  

The American Bar Association (ABA) has published an extensive treatise on the US regulatory environment pertaining to cryptocurrency and other digital assets. In brief, the 353 white paper is a must-read review of current law and treatment by regulatory authorities such as the Securities and… Read More

March 11, 2019 @ 11:32 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has hit Marshall Islands-registered 1pool Ltd and its CEO and owner Patrick Brunner with a $990,000 penalty for illegally offering retail commodity transactions that were margined in Bitcoin. Additionally, the CFTC sited the failure of the company to register… Read More

March 6, 2019 @ 11:35 pm By Cali Haan  |  

1Broker, a Marshall Islands-registered company with a CEO based in Austria, has announced it has settled lawsuits filed against it by the US Securities regulators, the SEC and CFTC: “We are pleased to let you know that we settled the two lawsuits without admitting or… Read More

February 28, 2019 @ 10:31 am By Cali Haan  |  

The US District Court of Massachusetts has indicted Randall Crater, the man they allege led a “My Big Coin” cryptocurrency fraud that bilked primarily New York investors out of $6 million USD. Crater is charged with four counts of wire fraud and three counts of unlawful… Read More

February 15, 2019 @ 9:22 am By JD Alois  |  

The Commodities Trading Futures Commission posted their examination priorities for 2019 this past week and included on the list was cryptocurrencies. These priorities are for registrants of the Division of Market Oversight (DMO), Division of Swap Dealer & Intermediary Oversight (DSIO), and Division of Clearing &… Read More

December 11, 2018 @ 2:15 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has launched a public consultation today seeking feedback on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin. The CFTC said the consultation will better inform the Commission’s understanding of the markets for virtual currencies. In a Request for Information (RFI) the CFTC… Read More

December 7, 2018 @ 10:08 am By Cali Haan  |  

Congressmen Darren Soto, a Democrat from Florida, and Ted Budd, a Republican from North Carolina, yesterday introduced two pieces of legislation into the American House of Representatives that they hope will support healthy cryptocurrency markets and innovation in the US. The bills target cryptocurrency price… Read More