Tagged: cftc

May 16, 2018 @ 12:00 pm By Cali Haan  |  

Representatives from the three bodies policing securities in the US and the Chief Strategy Officer from the Bittrex cryptocurrency exchange spoke on an “Enforcement” panel May 15 at the Consensus conference in New York. Citing an “open door” policy, the regulators- James McDonald, Director of… Read More

May 12, 2018 @ 10:08 am By JD Alois  |  

Last week, SEC Commissioner Hester Peirce delivered a powerful speech that shared her views on the mission of regulators broadly, and cryptocurrency innovation specifically. The speech has been widely lauded in the crypto space as it has been viewed as supportive of the potential for… Read More

May 7, 2018 @ 10:01 am By JD Alois  |  

Speaking in Berlin this week, Commodity Futures Trading Commission Chair J. Christoper Giancarlo addressed the Association of German Banks. His theme was the pressing need for regulatory harmonization. Today, across developed markets, varying financial regulations adds a significant cost to the financial services industry. Same… Read More

May 4, 2018 @ 1:24 pm By JD Alois  |  

Commodity Futures and Trading Commission (CFTC) Commissioner Brian Quintenz commented on cryptocurrency enforcement actions this week. During a speech delivered to the FIA’s 40th Annual Law and Compliance Conference, Quintenz noted that the CFTC Crypto task force is coordinating with their counterparts at the Securities… Read More

May 2, 2018 @ 10:50 am By JD Alois  |  

According to a WSJ report, regulators are engaged in a debate as to whether Ether and other cryptocurrencies are in fact securities. While Bitcoin has been more clearly defined as a commodity, the rest broader universe of cryptocurrencies remain in limbo. The advent of Ethereum… Read More

April 27, 2018 @ 4:14 pm By JD Alois  |  

In a speech delivered this week at the Eurofi Summit, Commissioner Brian Quintenz, of the Commodity Futures Trading Commission (CFTC), addressed the topic of cryptocurrencies and digital tokens. Specifically, Quintez posed the question as to what should the proper role of a regulator be in… Read More

April 26, 2018 @ 12:18 pm By JD Alois  |  

It’s about time. The Commodity Futures Exchange Commission (CFTC) has published a white paper on Swaps Regulation Version 2.0. Entitled, An Assessment of the Current Implementation of Reform and Proposals for Next Steps, the unique aspect of this document is the fact that CFTC Chair J. Christopher… Read More

April 24, 2018 @ 1:17 pm By JD Alois  |  

LabCFTC, the Commodity Futures Trading Commission’s (CFTC) Fintech initiative, is requesting public input to gather ideas and topics for innovation competitions to advance the agency’s Fintech goals. “We launched the LabCFTC initiative to stimulate and promote market-enhancing Fintech solutions,” said CFTC Chairman J. Christopher Giancarlo…. Read More

April 18, 2018 @ 11:08 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has fired off another enforcement action against a questionable cryptocurrency operation. The CFTC has charged multiple individuals, and several companies, with fraud involving ATM Coin (asset trading market coin) and binary options. The CFTC filed the Complaint in the… Read More

April 16, 2018 @ 1:09 pm By JD Alois  |  

Speaking at Vanderbilt University Law School this past week, Commodities Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo made some interesting comments. Giancarlo, a Commodore Alum, spoke about the digitization of finance (Fintech) and the subject of virtual currencies. Giancarlo reflected on time spent with… Read More

April 5, 2018 @ 1:00 pm By JD Alois  |  

My Big Coin (MBC) was hit with an enforcement action by the Commodity Futures Trading Commission (CFTC) back in January of this year. The CFTC alleged, among other things, that MBC’s initial coin offering represented to investors as being actively traded on cryptocurrency exchanges when in fact… Read More

March 16, 2018 @ 11:16 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has a Whistleblower program in place regarding pump and dump schemes for virtual currencies and digital tokens. Virtual currencies would line up with Bitcoin, Ethereum etc. while digital tokens are from the thousands of initial coin offerings that blur… Read More

March 12, 2018 @ 12:40 pm By Anthony Zeoli  |  

Following the SEC’s recent initial subpoena offerings (pun intended) targeting initial coin offering (ICO) issuers, many believe the SEC might now turn its sights toward some of the gatekeepers involved in the subject ICOs, including the attorneys. Some attorneys practicing in the ICO space have… Read More

March 7, 2018 @ 7:39 am By JD Alois  |  

CFTC States Until Congress Clarifies  Crypto, the Commission will Consider it Not Legal Tender & Continue to Treat as a Commodity. The Commodity Futures Trading Commission (CFTC) has received a preliminary injunction order agains CabbageTech, DBA Coin Drop Markets, and Patrick McDonnell. The CFTC complaint… Read More

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

Last month, the Commodity Futures Trading Commission (CFTC) posted a memo to all staff providing guidance regarding holding and transactions using cryptocurrencies, including Bitcoin. In brief, the memo from Daniel Davis, General Counsel of the CFTC, said it was ok to invest in crypto –… Read More

February 23, 2018 @ 10:55 am By Joshua Ashley Klayman, Julian Hammar, Shiukay Hung, and Anna Pinedo  |  

The recent and rapid proliferation of cryptocurrency¹ transactions involving retail or “Main Street” customers has left some — including many cryptocurrency platforms serving retail customers — grappling conceptually with the answer to a fundamental question: what constitutes “actual delivery” of cryptocurrency in the eyes of the… Read More

February 19, 2018 @ 7:38 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) have signed a formal agreement that commits the two regulatory agencies to work together to support Fintech. This is the first such agreement for the CFTC and just one of many… Read More

February 18, 2018 @ 3:37 pm By JD Alois  |  

Last week on Valentines Day, the Commodity Futures Trading Commission (CFTC) held a meeting of the Technology Advisory Committee (TAC). There were several interesting presentations and good discussions regarding the emerging cryptocurrency market. One of the discussions was by Richard Gorelick, Head of Market Structure… Read More

February 15, 2018 @ 2:09 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued a warning to consumers to beware of pump and dump scams that have become somewhat prevalent in initial coin offerings and digital currencies in general. The CFTC says it has received complaints from customers who have lost… Read More

February 14, 2018 @ 7:50 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) will hold a meeting of the Technology Advisory Committee (TAC) today at the CFTC’s headquarters in Washington, DC. The meeting is open to the public but you have the option to dial in or live-stream the meeting on the CFTC… Read More