In a bid to address the legal challenges posed by the US Commodity Futures Trading Commission (CFTC), Binance, the leading cryptocurrency exchange, and its CEO, Changpeng Zhao, are preparing to take decisive action. The CFTC had filed a lawsuit in March accusing Binance of violating US laws by offering and executing crypto derivatives transactions for […]
Binance, the crypto exchange giant, has taken a hard hit after investors withdrew $1.6 billion worth of cryptocurrencies following the recent lawsuit filed by the US Commodity Futures Trading Commission (CFTC). The lawsuit accuses the exchange, as well as its CEO Changpeng Zhao and its former top compliance executive, of “willful evasion” of US law […]
Chairman of the Commodity Futures Trading Commission (CFTC) Rostin Behnam made some comments about cryptocurrencies in a recent interview with CNBC. Behnam was asked if the CFTC had a synergistic relationship with the US Securities and Exchange Commission (SEC) when it came to sharing resources to regulate the crypto industry. He responded by saying: “We […]
A report released by the US Commodity Futures Trading Commission (CFTC) on Friday shows the market speculators’ net long positioning on the US dollar (USD) jumped in August, while net shorts on the euro (EUR) increased too. The report showed that the net longs on the greenback jumped to $13.37 billion in the second week […]
So far, three bills have been introduced in the US Congress to confirm the Commodity Futures Trading Commission (CFTC) as the primary regulator for cryptocurrency spot markets this year. Citing prolonged infighting between the Securities and Exchange Commission (SEC) and the CFTC over regulatory authority on the crypto spot market, Kristin Smith, the executive director […]
US Securities and Exchange Commission (SEC) Chairman Gary Gensler believes that cryptocurrency regulation should have “one rule book,” according to a report from the Financial Times last week. Gensler hopes to reach an agreement with the Commodity Futures Trading Commission (CFTC) to create synergy in regulation and avoid gaps in oversight. The SEC boss asserted: […]
Giant cryptocurrency exchange Gemini has attracted a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly providing false data when applying for approval for a Bitcoin futures product with the agency in 2017. The CFTC filed a complaint with a New York court, noting that Gemini Trust Company, LLC (Gemini) provided “false or misleading […]
Speaking at an interview with CNBC, Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, clarified the regulatory jurisdictions of the CFTC and the Securities and Exchange Commission (SEC). Behnam was quizzed about a bill in Congress that limited the regulatory jurisdiction of the SEC to security tokens and the CFTC to commodity tokens. […]
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), made some comments about the regulation of the cryptocurrency industry at a seminar hosted by the University of Pennsylvania Carey Law School. Gensler began his speech by making clarifications on the duty of the Commission, noting that “the SEC’s remit is overseeing the capital […]
