Tagged: commodity futures trading commission

CFTC Report Indicates Slight Uptick in the Number of Enforcements This Year

The Enforcement Division at the American Commodities Futures Trading Commission, tasked with enforcing rules governing commodities markets in the US, has released its annual report. The CFTC defines Bitcoin and Ethereum as commodities and oversees the trading of futures derivatives of these in the US…. Read More

Making the Rounds: CFTC Chairman Heath Tarbert Continues to Talk Up Digital Assets and Need for US to Remain Competitive

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has been making the rounds on various media to advocate on behalf of digital assets, Fintech, and the need for the US to remain competitive in a global Fintech market. Tarbert visited with CNBC this week, as… Read More

CFTC Chairman Tarbert Calls for More Principles Based Regulation for Fintech, Not More Rules

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert published an Op-Ed today which appeared in Fortune as well as the CFTC website. Tarbert called for a more principles-based approach regarding Fintech innovation – not more rules. Tarbert said that a principles-based approach can provide the… Read More

SEC and CFTC Charge Swiss-Based First Global Credit for Selling Unregistered Swaps for Bitcoins; Website Domain Seized by FBI

A Switzerland-based securities dealer called XBT Corp/First Global Credit has been charged and fined by the American SEC and CFTC for, “selling unregistered security-based swaps to U.S. investors using bitcoins and for failing to transact its swaps on a registered national exchange.” The company’s website has… Read More

CFTC Chair Says Other Cryptos May Qualify as Commodities, Ether Futures Might Launch in 2020

Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), has reiterated the statement that  Ether (ETH) futures contracts might be introduced next year. Earlier this month, Tarbert broke the news on the possibility of ETH futures during the Yahoo Markets All Finance conference. Tarbert… Read More

CFTC Technology Advisory Committee Meeting Indicates Ongoing Support for Fintech Innovation: “Our markets should always be striving to improve”

The Commodity Futures Trading Commission (CFTC) held the 4th meeting of the Technology Advisory Committee (TAC) this past week, sponsored by CFTC Commissioner Brian Quintez. Several of the topics included hot areas of Fintech such as the utilization of distributed ledger technology (DLT/ Blockchain) in… Read More

CFTC Tech Advisory Committee Schedules Meeting on Stablecoins, Custody for Crypto & More

The Commodity Futures Trading Commission (CFTC) Technology Advisory Committee (TAC) will hold a meeting tomorrow (Thursday), October 3 to discuss a series of topics that impact digital assets. CFTC Commissioner Brian Quintenz is the sponsor of TAC. During the very first panel, TAC will discuss… Read More

New CFTC Chair Speaks Favourably About Blockchain Technology

The Commodity Futures and Trading Commission’s newly-appointed chief, Heath Tarbert, appears to be carrying forward the pro-crypto/pro-blockchain approach established at the CFTC by his predecessor, J. Christopher Giancarlo. Tarbert told reporters at CNBC in a recent interview that he has a favorable opinion of “blockchain”… Read More

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

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