Search Results for "cft"
Utah Man Ordered to Settle Over $2.5 Million for Bitcoin Fraud by CFTC
Utah-based Jacob Orvidas has been ordered by the Commodity Futures Trading Commission (CFTC) to pay over $2 million and face a $500,000. The order revealed Orvidas deceived at least four individuals into investing in a leveraged Bitcoin commodity pool, claiming significant profits and monetary safety. He also failed to register as a commodity pool operator.
US Treasury to Increase DeFi Regulation
The US Treasury conducted a risk assessment of DeFi, finding it lacking in AML/CFT compliance, and reported money laundering, scammers, and North Korean hackers benefiting from the sector. The Treasury response to Biden's executive order suggests more regulation for DeFi, including compliance with the Bank Secrecy Act.
CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives
CFTC Commissioner Dawn D. Stump has given several clarifications that show the agency has powers to regulate cryptocurrencies.
Lawsuit against Ooki DAO Takes New Twist as CFTC Commissioner Dissents Ruling
The regulator said Ooki DAO offered digital asset margin trading, which they’re not permitted by law to do.
Former CFTC Chair Giancarlo Joins Paxos Board Amid Expansion Efforts
J. Christopher Giancarlo, former CFTC chair and crypto advocate, joins Paxos board as the company expands its digital asset offerings and regulatory oversight.
Crypto Regulatory Developments: CFTC Leadership and New Legislation Initiatives
Explore recent developments in crypto regulation, including CFTC leadership changes, legislative initiatives on stablecoins, and key actions by the DOJ and SEC.
CFTC's New Directive Promises Clarity for Web3 Innovators
The CFTC's new policy, ending 'regulation by prosecution,' marks a significant shift for Web3 builders, offering clearer guidelines and reducing enforcement actions.
White House Pulls Quintenz From Top Crypto Regulator Post
The Trump administration abruptly withdrew Brian Quintenz's nomination to lead America's top derivatives regulator late Monday, dealing a stunning blow ...
SEC, CFTC Chiefs Quash Merger Speculation, Combat Market Anxiety
The nation's top financial regulators delivered a resounding rejection of consolidation rumors Monday, as Securities and Exchange Commission Chair Paul Atkins and acting Commodity Futures Trading Commission Chair Caroline Pham sought to calm mounting speculation about a potential agency merger that has rattled cryptocurrency markets for weeks.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.
CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"
The Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.
CFTC Commissioner Questions VCs' Due Diligence
Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.