Trump's 'Acting' CFTC Chairman Details Vision for Blockchain Regulation
Donald Trump hasn't even formally appointed CFTC commissioner Chris Giancarlo as chairman yet, and he's already appropriated the president-elect's slogan: "Making Market Reform Work for America." In comments given to about 300 swaps traders, analysts and more at the SEFCON event in New York City this week, Giancarlo for the first time referred to himself in public as "acting chairman" and laid out his "agenda" going forward for the regulation of blockchain and distributed ledger tech. Reading from a prepared speech, the current CFTC commissioner yesterday....
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The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise? On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated Rostin Behnam, who has run the derivatives regulator as acting chairman since January, to assume the office on the permanent basis.The appointments are unlikely to face serious obstacles on their way to confirmation, as nominees will have to secure a....
The CFTC is thinking about regulating Bitcoin and other cryptocurrencies. Ever since Bitcoin and other cryptocurrencies started gaining worldwide popularity and acceptance, there has been a debate going on about regulation. When bad news hits the fan, the cry for a legal framework is even bigger. Yesterday, we were happy to report that the state of New York is taking applications from enterprises that want to acquire their 'Bitlicense'. Today, it seems the world's leading economy is considering regulating it. Commodity Futures Trading Commission (CFTC) Acting Chairman Mark Wetjen has told....
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....
Optimistic investors view President Donald Trump’s interest in relaxing regulation as a sign that a bitcoin ETF will come to fruition, according to MarketWatch. Analysts as a whole, however, are less convinced. Investors are awaiting a decision March 11 on a bitcoin ETF by the Securities and Exchange Commission on one of the bitcoin ETFs. On Monday, Trump signed an executive order reduce the number of federal regulations, requiring two regulations to be cut for every new one created. SEC Chairman Favors Less Regulation. Jay Clayton, a Wall Street lawyer Trump picked to be the next chairman....