Beware: Bullish Bitcoin Case Could Be Due To CFTC Scramble
A new narrative has suddenly spread across the crypto market potentially presenting a bullish case behind Bitcoin’s recent resiliency. The reason? A possible retail buying frenzy in China spurred by the Chinese government themselves. While the idea is plausible, and the crypto asset failing to return under $10,000 could back up the theory, analysts could be overlooking another clear reason for a sudden sharp increase in non-zero BTC wallets. Respected Bitcoin Analyst Sheds Light On […]
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On Wednesday evening, the US Commodity Futures Trading Commission (CFTC) announced it had joined Gemini (GEMI) in requesting that the court grant relief from the judgment in the regulator’s case against the exchange, filed back in 2022. The CFTC said it carried out a thorough reexamination of the matter, looking back at the investigation’s history, […]
The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together to regulate the crypto space, noting that “It’s not a turf war.”
CFTC Chairman on Crypto Regulation, Working With SEC
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam talked about cryptocurrency regulation in an interview with CNBC last week.
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Geoffrey Aronow is a partner at Sidley Austin LLP in Washington DC. He has provided compliance advice and represented clients in investigations and proceedings at the CFTC and the SEC for over 30 years. Aronow co-authored this piece with Brian Klein, a partner at the litigation boutique Baker Marquart and a former US federal prosecutor. He represents clients involved with digital currency and blockchain technology. This article explores recent rulings by the US Commodity Futures Trading Commission and how they affect bitcoin traders across the world. The US Commodity Futures Trading....
The U.S. Commodity and Future Trading Commission (CFTC) has filed a case against an autonomous decentralized organization (DAO) protocol, bZeroX, and its founders, Tom Bean and Kyle Kistner, for operating illegal activities. The Commission also penalized the platform for $250,000 and ordered it to be ceased and desist from the industry. As per the CFTC’s […]
The US Commodity Futures Trading Commission (CFTC) has won a massive fine against fraudulent crypto investor Abner Alejandro Tinoco and his company Kikit & Mess Investments, LLC. This development marks the end of a three-year legal suit. Related Reading: CFTC Chair: Illinois Court Affirms Bitcoin And Ether As Commodities, 80% Of Cryptos Are Not Securities […]