Tagged: cftc

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

February 7, 2018 @ 9:58 pm By David Felsenthal and Jesse Overall  |  

Truly, it was a tale of two cities. On February 6, 2018, the U.S. Senate Banking Committee held a hearing on the oversight role of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in respect of virtual currencies like Bitcoin… Read More

February 4, 2018 @ 6:38 pm By JD Alois  |  

The Senate Committee on Banking, Housing and Urban Affairs will be holding a hearing on cryptocurrencies this Tuesday. Entitled, Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, this will be a Hearing to watch as both… Read More

January 26, 2018 @ 9:44 am By JD Alois  |  

  This past week both the Securities and Exchange Commission and the Commodity Futures Trading Commission came out with strong statements warning the exuberant initial coin offering industry (ICO) that regulators will no longer tolerate the flouting of existing securities law. ICOs have increased rapidly… Read More

January 25, 2018 @ 3:49 pm By JD Alois  |  

In another obvious sign that the federal government is ramping up enforcement actions against initial coin offerings that do not file for an appropriate securities exemption or commit other illegal acts such as fraud, CFTC Chairman J. Christopher Giancarlo and SEC Chairman Jay Clayton jointly published… Read More

January 25, 2018 @ 11:58 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) has scheduled a meeting of the Market Risk Advisory Committee (MRAC) for January 31st. The meeting, which is open to the public, will be held at the CFTC HQ in Washington, DC. If you are interested you can… Read More

January 24, 2018 @ 9:40 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has shut down another initial coin offering with allegations of fraud. The ICO unfortunately named My Big Coin (MBC) ends up becoming My Big Con as the enforcement action has charged defendants Randall Crater of East Hampton, New York, Mark Gillespie of Hartland,… Read More

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