Tagged: commodity futures trading commission

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

CFTC Warns on Crypto Again, Issues Consumer Advisory When Buying Tokens

The Commodity Futures Trading Commission (CFTC) has issued their fourth warning on consumers purchasing cryptocurrency. The “Customer Advisory told investors to use caution and to extensive research prior to purchasing virtual coins or tokens – including “self described utility coins or consumption coins.” Erica Elliott… Read More

CFTC Subpoenas Four Crypto Exchanges in Bitcoin Market Manipulation Probe, Cryptocurrencies in the Red

As part of a probe examining possible manipulation in Bitcoin markets, the regulator responsible for overseeing futures and commodity trading in the US has subpoenaed four American cryptocurrency exchanges to produce volumes of trade data, WSJ reported Friday June 8th. Top cryptocurrencies have since turned red as this… Read More

SEC Chair Jay Clayton & CFTC Chair J. Christopher Giancarlo to Testify Before Senate Committee On Appropriations Subcommittee on Budget Requests

CFTC Chair J. Christopher Giancarlo and SEC Chair Jay Clayton will be visiting Capitol Hill together once again to testify before a Senate Subcommittee. This time, Clayton and Giancarlo will be testifying before the Senate Committee On Appropriations Subcommittee on Budget Requests, tomorrow (June 5, 2018)… Read More

AML and Sanctions Compliance Issues Facing Cryptocurrency Companies

Over the past few years, continued advancements in the payments industry and financial services technology have significantly expanded the way money financial transactions are processed and managed.  Banks and payment and technology firms are accelerating efforts to innovate and adapt financial services alternatives to meet… Read More

CFTC Chair Giancarlo Applauds Operation Cryptosweep. Says “Virtual Currencies and Other Exponential Digital Technologies are Taking Us into a New Era”

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

CFTC Issues Advisory with Regards to “Virtual Currency Derivative Product Listings”

The Commodity Futures Trading Commission (CFTC) has issued an Advisory pertaining to “virtual currencies” and “derivative product listings.” The CFTC staff states: “Commodity Futures Trading Commission (“CFTC” or “Commission”) staff believes it is important to encourage innovation and growth in these products, but within an… Read More

CFTC Argues in Court It Can Regulate Fraudulent ICOs as Commodities

Last Friday, the Commodity Futures Trading Commission argued in a Boston courtroom that cryptocurrencies are tradable commodities that can be regulated under CFTC purview. The argument comes after lawyers for Randall Crater and Mark Gillespie of My Big Coin Inc. attempted to have fraud charges… Read More

CFTC Chair Giancarlo Joins Chorus of Positive Comments on SEC Commissioner Peirce’s Speech on Cryptocurrency Innovation

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

CFTC Chair Giancarlo Calls for Cross Border Regulatory Cooperation, Revisits Regulatory Reform 2.0 White Paper that Advocates Blockchain Utilization

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

CFTC Speech by Commissioner Quintenz Appears to Embrace Concept of Unregulated Utility Token

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

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