Tagged: rostin behnam

CFTC Penalizes bZeroX and Founders, Targets Ooki DAO as “Unincorporated Association,” One Commissioner Dissents

The Commodity Futures Trading Commission (CFTC) has filed and settled charges against bZeroX and founders Tom Bean and Kyle Kistner. The CFTC alleges that respondents illegally offered leveraged and margined retail commodity transactions in digital assets. The CFTC states that the activity can only be… Read More

CFTC Commissioners Welcome Bipartisan Digital Asset Legislation

Yesterday, a bipartisan group of US Senators announced legislation designed to give certain digital assets better regulatory clarity. Senators Debbie Stabenow, Chairwoman of the Senate Committee on Agriculture and John Boozman, Ranking Member, along with Senators Cory Booker and John Thune, have joined to craft the language of… Read More

CFTC Chair Announces Reorganization of LabCFTC Creating the Office of Technology Innovation

Commodity Futures Trading Commission Chairman Rostin Behnam announced a reorganization of Fintech and customer protection efforts and “changes to key roles as the agency evolves to address changing markets and market demographics.” Chairman Behnam is “bolstering the agency’s Fintech efforts by creating the Office of… Read More

CFTC Chairman Rostin Behnam on Crypto: “Existing ambiguities force hard decisions at the CFTC”

As part of a virtual presentation today hosted by the Brookings Institution, CFTC Chairman Rostin Behnam delivered a speech addressing crypto regulation. As any follower of the digital asset sector will understand, regulation of crypto remains a bit opaque After a round-up of the developing… Read More

Bitmex Founders to Pay $10 Million Each to Settle CFTC Charges

Bitmex, once the leading crypto derivatives exchange, will see its three co-founders paying a $10 million penalty each to settle charges with the Commodity Futures Trading Commission (CFTC). According to a statement by the CFTC, Arthur Hayes, Benjamin Delo and Samuel Read must each forfeit… Read More

Bitmex Hit with $100 Milllion Penalty Pertaining to CFTC Action Claiming Illegal Crypto Trading, AML Violations and More

The Commodity Futures Trading Commission (CFTC), has announced a consent order against BitMEX and its affiliated entities. The order stems from a CFTC action filed on October 1, 2020, against BitMEX and its three individual founders, Arthur Hayes, Benjamin Delo, and Samuel Reed. The CFTC’s… Read More

CFTC Market Risk Advisory Committee Meets Next Week. Will the Committee Discuss Cryptocurrencies?

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

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