Tagged: cftc

January 19, 2018 @ 9:09 am By JD Alois  |  

Following the announcement by the Commodity Futures Trading Commission (CFTC) that it had undertaken two enforcement actions against Bitcoin / virtual currency related fraud, the Securities and Exchange Commission (SEC) and CFTC issued a joint statement from SEC co-enforcement Directors Stephanie Avakian and Steven Peikin… Read More

January 19, 2018 @ 8:50 am By JD Alois  |  

The CFTC Division of Enforcement Virtual Currency Task Force has been rather busy. Today, the Commodity Futures Trading Commission, has shared two enforcement actions filed against Bitcoin / Cryptocurrency related fraud cases. The first was against the Entrepreneurs Headquarters Limited, the second was filed against Defendants Patrick… Read More

January 19, 2018 @ 8:33 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against Defendants Dillon Michael Dean of Longmont, Colorado. Dean’s company, The Entrepreneurs Headquarters Limited, is apparently registered in the UK. The documentation filed… Read More

December 15, 2017 @ 2:51 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has created a “virtual currency resource page” addressing Bitcoin and other cryptocurrencies as part of a dedicated section of the CFTC web site. The CFTC stated that Bitcoin and other virtual currencies have been determined to be commodities under the… Read More

December 15, 2017 @ 12:01 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has announced a Proposed Interpretation regarding its authority over retail commodity transactions involving cryptocurrency, such as Bitcoin. The Proposed Interpretation sets out the CFTC’s view regarding the “actual delivery” exception that may apply to virtual currency transactions. The CFTC… Read More

December 1, 2017 @ 8:53 am By JD Alois  |  

The Chicago Mercantile Exchange (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for Bitcoin futures and the Cantor Exchange (Cantor) self-certified a new contract for Bitcoin binary options. CFTC Chairman J. Christopher Giancarlo said that Bitcoin is a commodity unlike anything the CFTC… Read More

November 13, 2017 @ 3:00 pm By Amy Wan  |  

On Friday, November 10, 2017, StartEngine, a Regulation Crowdfunding platform based in Los Angeles, California organized ICO 2.0 Summit, the first regulated ICO conference – or at least the first that I’ve seen. While there seem to be an explosion of ICO and Blockchain-related conferences… Read More

October 26, 2017 @ 11:10 pm By JD Alois  |  

The US Securities and Exchange Commission (SEC) pumped their regulatory brakes on Initial Coin Offerings (ICOs) earlier this year. Pointing to the DAO debacle, the Feds said if a tokenized offering is a security it will be regulated, end of story. This  statement was a long… Read More

October 19, 2017 @ 9:41 am By JD Alois  |  

Earlier this week the Commodity Futures Trading Commission (CFTC) published a Primer on cryptocurrencies and blockchain technology. Buried with the document was an interesting statement. The CFTC said “virtual currencies are commodities.” The import of this statement means the CFTC is positioning itself as a… Read More

October 17, 2017 @ 10:44 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has published primer on cryptocurrencies. The document was produced by LabCFTC, the section of the CFTC launched to promote responsible Fintech innovation and fair competition. The publication comes at a time when digital currencies have become extremely popular, especially… Read More

September 21, 2017 @ 12:43 pm By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Nicholas Gelfman, of Brooklyn, New York, and Gelfman Blueprint, Inc. (GBI), charging the duo with fraud, misappropriation, and issuing… Read More

July 24, 2017 @ 4:53 pm By JD Alois  |  

LedgerX, has received regulatory approval from the US Commodities and Futures Trading Commission (CFTC) to operate as a clearing platform for derivatives in contracts clearing in digital currencies such as Bitcoin. Under the order, LedgerX will be authorized to provide clearing services for fully-collateralized digital currency… Read More

July 10, 2017 @ 5:06 pm By JD Alois  |  

U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo has appointed Daniel Gorfine to serve as Director of LabCFTC and Chief Innovation Officer. Launched in May, LabCFTC is the CFTC’s sandbox type environment for Fintech innovation. Gorfine is well known in the Fintech and… Read More

May 22, 2017 @ 10:06 pm By JD Alois  |  

Ledger Holdings has closed on a $11.4 million Series B funding round. Ledger is the parent company of LedgerX, a Bitcoin options exchange that intends on operating a regulated exchange and clearing house for digital currencies.  The funding was led by Miami International Holdings Inc. (MIH)… Read More

May 17, 2017 @ 4:02 pm By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) will embark on a “major Fintech initiative” with the creation of LabCFTC. The venture was launched to promote responsible Fintech innovation and to encourage competition in the markets the CFTC oversees. “Simply put, LabCFTC is intended to help… Read More

September 24, 2015 @ 3:50 pm By JD Alois  |  

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against TeraExchange for “failing to enforce its prohibition on wash trading and prearranged trading on a Swap Executive Facility (SEF) platform”.  According to the CFTC, Tera, a provisionally registered SEF, failed to enforce a prohibition… Read More

September 17, 2015 @ 4:21 pm By JD Alois  |  

The US Commodity Futures Trading Commission has told SanFrancisco based Derivabit (aka Coinflip) to cease operating as a trading platform for processing swaps in Bitcoin.  This is the first action against an unregistered Bitcoin options trading platform and draws a line for other possible derivative cryptocurrency platforms. Coinflip and… Read More