Tagged: commodity futures trading commission

CFTC Charges Four Individuals with Fraud Pertaining to Digital Assets

The Commodity Futures Trading Commission (CFTC) has filed charges against four individuals pertaining to “fraudulently soliciting funds from customers to speculate in Bitcoin price movements.” Filed in the U.S. District Court for the Southern District of Texas, the CFTC alleges that Texas residents Mayco Alexis Maldonado… Read More

LedgerX Approved to Clear Futures and Options

The Commodity Futures Trading Commission (CFTC) has approved an Amended Order of Registration for LedgerX, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization under the Commodity Exchange Act. LedgerX previously was approved to… Read More

SEC and CFTC Charge Abra for Sale of Unregistered Digital Asset Swaps to Retail Investors

In simultaneous announcements, the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have charged Plutus Financial, Inc.,  doing business as Abra in California, and Plutus Technologies Philippines Corp. dba as Abra International in the Philippines for entering into illegal off-exchange swaps in… Read More

Digital Dollar Team: COVID-19 Socio-economic Crisis Is a “Call to Action” for Fintech to Address “Persistent Deficiencies” in Money Distribution

The developers of the Digital Dollar project have published a detailed whitepaper that outlines the steps required for the US to issue its own virtual currency. As confirmed in the paper, the Digital Dollar Project is being developed with the assistance of the Digital Dollar… Read More

Commissioner Brian Quintenz, Sponsor of CFTC’s Technology Advisory Committee, to Depart at End of Term

The Commodity Futures Trading Commission (CFTC) has announced that Commissioner Brian Quintenz will depart the agency at the end of his term. Quintenz will have completed a 5-year stint at the Commission. Quintenz issued a statement on his decision to exit the CFTC stating that… Read More

CFTC Announces Final Guidance on Delivery of Digital Assets

The Commodity Futures Trading Commission (CFTC) has “unanimously” approved final interpretive guidance concerning retail commodity transactions involving certain digital assets. Specifically, the guidance clarifies the CFTC’s views regarding the “actual delivery” exception to Section 2(c)(2)(D) of the Commodity Exchange Act (CEA) in the context of… Read More

Commodity Futures Trading Commission Posts Coronavirus Info Page

The Commodity Futures Trading Commission (CFTC) has posted a page dedicated to the Coronavirus, or COVID-19, outlining actions the Commission has taken to mitigate the pandemic driven shock. The “dedicated website” highlights a slew of temporary relief letters the CFTC has published during this challenging… Read More

CFTC Designates Small Exchange as a Contract Market

The Commodity Futures Trading Commission (CFTC) has issued an Order of Designation to Small Exchange, Inc., located in Chicago, Ill., granting it status as a designated contract market (DCM), effective today. Small Exchange is incorporated under Delaware state law. The Small Exchange seeks to make… Read More

CFTC Tech Committee to Discuss Cryptocurrency, Stablecoins and More

The Commodity Futures Trading Commission will be holding a public meeting this week that will address several Fintech focused issues. The Technology Advisory Committee (TAC) meeting will take place on February 26, 2020, at the CFTC’s headquarters in Washington, D.C. The event, scheduled to start… Read More

Breonna Clark Charged by CFTC for Alleged Fraud Regarding Digital Assets including $400,000 for Personal Expenses and Ponzi-type payments

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the U.S. District Court for the District of Colorado against Breonna Clark, of Denver, Colorado, and Venture Capital Investments Ltd., a Colorado limited liability company, charging them with fraud and failing to… Read More

CFTC: Division of Swap Dealer and Intermediary Oversight Director Joshua B. Sterling: We Support “Responsible” Innovation in Digital Asset Products, and Pooled Investment Vehicles

Joshua B. Sterling, the Commodity Futures Trading Commission (CFTC), Director of the Division of Swap Dealer and Intermediary Oversight (Division), or DSIO, confirmed on February 10, 2020, that it recognizes that the US Commodities and Futures Commission (CFTC)-licensed companies are “often at the forefront in… Read More

CFTC Chairman Heath P. Tarbert Wants US to Take the Lead in Adopting Cryptocurrencies and Blockchain Technology

Dr. Heath P. Tarbert, chairman and chief executive at the US Commodity Futures Trading Commission (CFTC), recently stated that he would like to see the United States lead the charge when it comes to adopting digital currencies and blockchain or distributed ledger technology (DLT). During… Read More

CFTC Chair: “If I Hear Anything…It’s That We Really Need Clarity” on Cryptocurrency Regulations

The new chair of the Commodity Futures and Trading Commission (CFTC) has told Chedder Media that his agency is continuing to work closely with the SEC to establish definitions and jurisdiction when it comes to cryptocurrencies- though these have not yet been set. Since he… Read More

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

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