Decentralized Finance to Be Examined at Inaugural CFTC Tech Advisory Meeting
The Commodities Futures Trading Commission (CFTC) stated on Mar. 1 that the agenda for its Mar. 22 meeting of its Technology Advisory Committee (TAC) will include a panel on “exploring issues in decentralized finance.”
DeFi to Go Under Microscope at US CFTC Advisory Group’s Opening Session
Decentralized finance (DeFi) will be the first topic discussed at the opening meeting of the Commodity Futures Trading Commission’s Technology Advisory Committee on March 22, further cementing the cryptocurrency sector as a priority for the U.S. derivatives regulator.
Legal Spotlight: The Curious Case of the MNGO Commodity-Security
In this piece, we examine recent complaints by DoJ, CFTC, and SEC that appear to demonstrate the complexities brought by a digital asset that is simultaneously classified as both a commodity and a security.
Rep. Maxine Waters Says All US Regulators ‘Better Get Together on Crypto’
Speaking to Cointelegraph, Representative Waters suggested that recent enforcement actions on the crypto space from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) may have been to present the image of “doing something substantive and meaningful” following the collapse of major exchanges including FTX. According to Waters, the market crash and related bankruptcies of major firms gave U.S. lawmakers an opportunity of “getting accountability” in the crypto space.
Former CFTC Chairman: SEC Was 'Absolutely Right' to Sue Terraform Labs, Do Kwon
The U.S. Securities and Exchange Commission (SEC) is right to go after stablecoin issuer Terraform Labs and founder Do Kwon, said Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC).
CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets
The Commodity Futures Trading Commission has charged California-based Vista Network Technologies and its CEO, Armen Temurian, with fraudulently soliciting over $7 million in bitcoin and ether from customers, according to a Thursday press release. It also alleged that Vista and Temurian misappropriated a portion of these assets in a Ponzi-like scheme.
Binance CSO Anticipates Exchange Paying ‘Remediations’ to Make Amends With US Regulators
Binance’s chief strategy officer stated that the crypto exchange would likely need to pay fines to resolve ongoing SEC inquiries into its U.S. operations.
Blockchain Association CPO Says Neither SEC nor CFTC Has the Authority to Comprehensively Regulate Crypto
He also called for the crypto industry to stay calm amid the SEC's recent crackdown on staking services, which he attributes to the SEC's position as "crypto's chief antagonist."
Crypto Evening Briefing: Court Approves Sale of Certain FTX Investments, Tokens and Equity Shares; Interactive Brokers To Offer Crypto Trading in Hong Kong
UK FCA is coming for unregistered cryptocurrency automated teller machines (ATMs). Magic Eden is undergoing restructuring process, lays off 22 employees.
US Judge Halts CFTC and SEC Lawsuits Against SBF Until After Criminal Trial
United States District Judge Kevin Castel has approved the Justice Department’s request to stay the civil lawsuits filed by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) against Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt crypto exchange FTX.
