CFTC Chair Announces New Task Force Focused On Crypto, Prediction Markets, An...
Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), announced on Tuesday the launch of an Innovation Task Force to provide clearer regulatory guidance to firms developing crypto, blockchain, and artificial intelligence (AI) products in the US derivatives markets. New CFTC Initiative According to the agency’s release, the newly established task force will work […]
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New reports reveal that United States President Donald Trump has picked pro-crypto Michael Selig as the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s role involves overseeing the futures, options, and crypto markets, ensuring these industries operate fairly and transparently while protecting participants from fraud and manipulation. With Selig being a widely recognized crypto supporter, this move by Trump could significantly impact the regulatory landscape of digital assets. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions....
The US Commodity Futures Trading Commission announced Monday that former federal prosecutor David Miller will serve as the agency’s new Director of Enforcement, a key role for crypto regulation. Key CFTC Appointment According to Reuters, Miller previously worked in the securities and commodities fraud task force at the US Attorney’s Office in Manhattan, where he […]
The newly appointed and pro-crypto acting chairman of the US Securities and Exchange Commission (SEC), Mark Uyeda, has announced the formation of a dedicated Digital Assets Task Force aimed at establishing a clear regulatory framework for the industry. This initiative follows years of heavy criticism against the regulator led by its former chair, Gary Gensler, […]
In a recent interview at Coinbase’s State of Crypto Summit, the Commodity Futures Trading Commission (CFTC) Acting Chair shared the future of the agency’s crypto regulation under the pro-industry administration. Related Reading: A ‘Threat To Privacy’? US Senators Question Meta’s Stablecoin Plan In New Letter CFTC Won’t Criminalize Crypto On Thursday, CFTC’s acting chair, Caroline Pham, […]
The U.S. Commodity Futures Trading Commission (CFTC) has ordered a “decentralized” prediction market platform to shut down non-compliant markets and pay a fine of $1.4 million. “Polymarket had been operating an illegal unregistered or non-designated facility for event-based binary options online trading contracts, known as ‘event markets,'” said the derivatives regulator.
CFTC Takes First Crypto Enforcement Action of the Year
The Commodity Futures Trading Commission (CFTC) has taken the first crypto enforcement action of the year in the U.S.....