CFTC Attorney Who Let Regulators Trade Crypto Joins Private Law Firm

In a breakthrough special address to the Depository Trust & Clearing Corporation 2016 Blockchain Symposium, CFTC Commissioner J. Christopher Giancarlo, signalling the changing attitude of regulators towards blockchain technology, called on regulators to follow private sector innovation, and not lead, to adopt a light touch approach and to primarily follow the philosophy of “do no harm”, a strategy employed during the early days of the internet when regulators rarely interfered. Acknowledging the ever growing interest in blockchain tech and hailing its many benefits, the commissioner....

Jared Marx is an attorney at the Washington, DC law firm of Harris, Wiltshire & Grannis. He advises companies about bitcoin-related regulatory law, and represents companies and individuals in civil and criminal proceedings. Mark Wetjen, a commissioner at the US Commodities Futures Trading Commission (CFTC), has made it known loud and clear recently that bitcoin fits the legal definition of a commodity and that the CFTC has authority to regulate the digital currency. So what would the CFTC's regulation of bitcoin actually look like? For the average bitcoin user and business, probably not....

The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common. The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed requiring large advisers to certain hedge funds to report any exposure to digital assets.In a Wednesday notice, the SEC and CFTC proposed amending their confidential reporting form for certain investment advisers to private funds of at least $500 million. The Form PR would require....

Recent reports allege that the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are in talks to collaborate on crypto regulations amid their new approach shift under Trump’s industry-friendly administration. Related Reading: SEC Vs Coinbase: US Regulator’s Next Move To ‘Reveal A Lot’ About New Crypto Approach SEC And CFTC […]

The United States’ financial regulators are stepping up their discussions about how to regulate crypto. Discussions have been taking place between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) staff members with the goal of improving coordination. Caroline Pham, the CFTC Commissioner, confirmed the renewed conversations, highlighting the importance of closer […]