CFTC Chairman: We Have Oversight of Bitcoin Derivatives
The chairman of the US derivatives regulator has told a senate committee that digital currency derivatives fall within his agency's remit. Timothy Massad, who chairs the Commodity Futures Trading Commission (CFTC), testified before the US Senate Committee on Agriculture, Nutrition and Forestry yesterday, noting that while his agency does not have specific rules governing digital currencies, it would oversee futures and swaps in any commodity. This includes digital currencies, he said. He added: "While the CFTC does not have policies and procedures specific to virtual currencies like....
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The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise and believes that “Many digital assets constitute commodities.” Meanwhile, SEC Chairman Gary Gensler has insisted that the vast majority of crypto tokens are securities.
CFTC Chairman’s Testimony on Crypto Regulation and the Digital Commodities Consumer Protection Act....
Derivatives exchange Nadex plans to offer bitcoin binary options to customers in the US next month, if its filing to register the options with the country's commodities regulator is accepted. Nadex will offer daily and weekly bitcoin binary options contracts, taking prices from the bitcoin price index published by TeraExchange, a derivatives trading platform. Both Nadex and TeraExchange are regulated by the US Commodity Futures Trading Commission (CFTC). The exchange is one of three 'designated contract markets' offering binary options in the US that are subject to CFTC oversight. It is....
Former CFTC chairman Christopher Giancarlo argued that the CFTC is the only U.S. regulatory agency that has experience regulating markets for Bitcoin and crypto. Amid the United States Securities and Exchange Commission (SEC) expanding the scope of oversight of the cryptocurrency industry, a commissioner with the Commodity Futures Trading Commission (CFTC) argued that crypto regulation doesn’t fall under the SEC’s jurisdiction.CFTC commissioner Brian Quintenz took to Twitter on Wednesday to declare that cryptocurrencies like Bitcoin (BTC) should be regulated by the CFTC rather than the....
The Commodity Futures Trading Commission (CFTC) was one of the more vocal US government entities on the subject of bitcoin in 2014, holding a hearing to discuss its role in options and futures, claiming regulatory oversight over the derivatives market and speculating on how it might intervene in the digital currency ecosystem. Perhaps most notably, however, CFTC CommissionerMark Wetjen penned an opinion piece heralding the technology's potential to transform the industries his agency oversees. But while the CFTC and Wetjen in particular have been open with their views on bitcoin, the....
Ethereum's upcoming proof-of-stake shift won't necessarily put the world's second-largest cryptocurrency into the securities bucket, the chairman of the CFTC said Wednesday.