Tagged: commodity futures trading commission

Incoming CFTC Chair says Blockchain Holds Great Promise

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

Fintech Lead Dan Gorfine to Exit the CFTC

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

LedgerX CEO Melts Down on Twitter After CFTC Denies It Approved Company’s Launch of Physically-Settled Bitcoin Futures

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

Facebook Reportedly in Talks With U.S. Regulator About Cryptocurrency Plans

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

The SEC and CFTC Join in Signing IOSCO Multilateral Memorandum of Understanding on Cross Border Enforcement

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

Must Read: American Bar Association Publishes Extensive Review of US Regulatory Environment for Crypto, Digital Assets

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

CFTC Requests Feedback for Consultation on Crypto Mechanics Including Underlying Tech for Ethereum

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

Bear Market or Not: Nasdaq Moving Forward on Plans to Sell Bitcoin Futures

Nasdaq is proceeding with plans to list a Bitcoin futures product on its exchange despite Bitcoin’s waning fortunes in 2017, sources to Bloomberg say. Nasdaq hopes to have its Bitcoin futures market up and running by Q1 2018 and is working now to meet expectations at… Read More

CFTC Publishes Smart Contract Primer

The US Commodity Futures Trading Commission (CFTC) has published a primer on “Smart Contracts” today. The document has been created by the CFTC’s innovation division – LabCFTC. LabCFTC Director Daniel Gorfine commented that smart contracts are being used to drive automation in markets and may… Read More

CFTC Commissioner: Programmers Could Be Prosecuted for Writing Predictive Smart Contracts

Developers that write predictive smart contracts could be subject to various types of enforcement action and liability, CFTC Commissioner Brian Quintenz told an audience in Dubai yesterday. Quintenz, whose agency regulates derivatives markets in the US, singled out both securities-preformance predictive software (“It could look… Read More

CFTC Posts Fintech Event Agenda

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

SEC & CFTC Join in Charging Austria Based Dealer Using Bitcoin for Swaps for Violating US Law

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

Judge Rules that CFTC Has Jurisdiction in Case Against My Big Coin ICO & Allegations of Fraud

Gavel Court Legal Trial Law rawpixel unsplash

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

CFTC to Hold Open Meeting, Will Consider Fintech Cooperation Arrangements

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

CFTC’s Technology Advisory Committee Meets on October 5th

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

US Commodity Futures Trading Commission and Monetary Authority of Singapore Agree to Cooperate on Fintech Innovation

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

Dan Berkovitz is Newest CFTC Commissioner

Dan M. Berkovitz

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

Report: CBOE will Launch ETH Futures Before End of Year

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

Two New Commissioners Join CFTC Following Senate Confirmation

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

CFTC Chair J. Christopher Giancarlo: “We are falling behind”

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

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