SEC And CFTC’s New Joint Crypto Initiative–What You Need To Know
On Tuesday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a significant joint statement that clarifies the regulatory landscape for spot crypto products. Spot Crypto Trading Regulations The statement stems from a collaborative initiative between the SEC’s Division of Trading and Markets and the CFTC’s Divisions of Market […]
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“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act.In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating....
Daniel Davis oversaw the CFTC’s legal division, including administrative actions.
Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial opportunities.
Telefonica Partners With Qualcomm to Bring Metaverse Experiences to Its Customers
Telefonica, one of the biggest telecom carriers in Spain and Europe, has announced a partnership with....
London and Washington have launched a joint group to align rules for crypto and digital assets, officials said. Based on reports, the effort — named the Transatlantic Task Force for Markets of the Future — will include finance ministry staff and financial regulators from both countries and aims to produce recommendations within 180 days. Related […]
The lawsuit against Gemini is not about an exchange-traded fund, it’s about how a particular Bitcoin futures contract is being represented. On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated an action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss. Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices for which were to be settled daily by an auction (the....