US Court Orders Florida Man To Pay $2.5M on a Binary Options Fraud Case

The US Commodity Futures Trading Commission (CFTC) announced on Wednesday that a judge from the Middle District of Florida ordered a local man to pay $2.5 million for his role in a binary options fraud. According to the press release, Judge Gregory A. Presnell of the US District Court for the Middle District of Florida… Continue reading US Court Orders Florida Man To Pay $2.5M on a Binary Options Fraud Case

CFTC Charges Texas Resident and Costa Rican Firms for Running Forex Fraud

The US Commodity Futures Trading Commission (CFTC) has filed on Tuesday an enforcement action to charge a Texas resident and several Costa Rican companies with charges related to forex and commodities fraud. According to the press release, Rudy Avila and six firms were allegedly involved in fraudulent solicitation to trade in commodity futures, options on… Continue reading CFTC Charges Texas Resident and Costa Rican Firms for Running Forex Fraud

CFTC Charges Texas Resident and Costa Rican Firms for Running Forex Fraud

The US Commodity Futures Trading Commission (CFTC) has filed on Tuesday an enforcement action to charge a Texas resident and several Costa Rican companies with charges related to forex and commodities fraud. According to the press release, Rudy Avila and six firms were allegedly involved in fraudulent solicitation to trade in commodity futures, options on… Continue reading CFTC Charges Texas Resident and Costa Rican Firms for Running Forex Fraud

Former CFTC brass joins Andreessen Horowitz as an advisor

Crypto regulation has become an increasingly relevant topic over the past several years. To address these legal ins and outs amid the ever-changing regulatory waters, VC firm Andreessen Horowitz has called upon a previous leader of the United States Commodity Futures Trading Commission’s, or CFTC, to join its team. “As part of our larger effort… Continue reading Former CFTC brass joins Andreessen Horowitz as an advisor

CFTC commissioner says agency has broad enforcement authority on crypto derivatives

Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets.  In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were… Continue reading CFTC commissioner says agency has broad enforcement authority on crypto derivatives

US Congressmen Plead with CFTC and SEC to Foster Digital Assets Adoption

Patrick McHenry, the top Republican on the House Financial Services Committee and the top Republican on the House Agriculture Committee, Glenn Thompson wrote a letter to SEC and CFTC. The letter urged the Securities and Exchange Commission and Commodity Futures Trading Commission to create a joint working group on Digital Assets. A Way Around Adopting… Continue reading US Congressmen Plead with CFTC and SEC to Foster Digital Assets Adoption

US lawmakers urge CFTC and SEC to form joint working group on digital assets

Two members of the United States House of Representatives have petitioned the heads of the United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to work with participants in the crypto space for transparency and regulatory clarity. In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with… Continue reading US lawmakers urge CFTC and SEC to form joint working group on digital assets

US CFTC Charges Texas Man for Allegedly Running a Forex Trading Pool Fraud

The US Commodity Futures Trading Commission (CFTC) announced on Wednesday that it had filed a civil enforcement action against Troy Manson and his company ZTegrity, Inc., for allegedly being involved in a forex-related fraud. According to the press release, Mason and the firm were charged before the US District Court for the Southern District of… Continue reading US CFTC Charges Texas Man for Allegedly Running a Forex Trading Pool Fraud

SEC and CFTC Caution Investors About Funds Trading in Bitcoin Futures – Regulation Bitcoin News

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA)… Continue reading SEC and CFTC Caution Investors About Funds Trading in Bitcoin Futures – Regulation Bitcoin News

CFTC Orders Binary Options Fraud to Pay $1 Million

The US Commodity Futures Trading Commission (CFTC) has settled charges with Glenn Olson for his role in binary options fraud and ordered him to pay over a million dollars, combining the disgorgement of the ill-gotten funds and payment for restitution, the regulator announced on Tuesday. Olson, who was associated with Blue Bit Banc and Blue… Continue reading CFTC Orders Binary Options Fraud to Pay $1 Million

Following $6.5 million CFTC fine, Coinbase delays direct stock listing

After settling charges of improper reporting of exchange volume and “self-trading” with the CFTC yesterday, reports have emerged that cryptocurrency exchange giant Coinbase is set to push back its stock listing to next month. The company had previously been expected to go public some time in March.  Yesterday, March 19 the Commodity Futures Trading Commission… Continue reading Following $6.5 million CFTC fine, Coinbase delays direct stock listing

Binance reportedly under CFTC investigation over US-based trading activity

Binance, the world’s largest cryptocurrency exchange by trade volume, is reportedly under investigation by the United States Commodity Futures Trading Commission regarding possible trades made by U.S.-based customers. Binance Holdings Ltd is being investigated by the watchdog concerning possible derivatives trades made by American customers, Bloomberg reported on Friday, after being tipped off by an anonymous source.… Continue reading Binance reportedly under CFTC investigation over US-based trading activity

CFTC Hires Another Crypto-Friendly Personnel

Jason Somensatto, a lawyer and former senior legal counsel of the Ethereum-based decentralized exchange protocol – Ox (ZRX), announced on Twitter that he is joining the U.S. Commodity Futures Trading Commission (CFTC). “A bit of news: This is my last week with @0xProject. I’m so grateful to have worked with such a smart and kind… Continue reading CFTC Hires Another Crypto-Friendly Personnel

CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

In a public statement on Thursday, Chairman Heath Tarbert announced that he will be leaving the Commodity Futures Trading Commission early next year. In listing accomplishments over the course of his term, Tarbert included that “We have promoted responsible fintech innovation and declared Ether a commodity.” This tracks with Tarbert’s broader interest in the crypto… Continue reading CFTC Chairman Tarbert announces resignation, confirms that Ether is a commodity

CFTC chairman admits regulation must keep up with innovation

Speaking at the digital LA Blockchain Summit, Commodity Futures Trading Commission chairman, Heath Tarbert, said U.S. regulation lags behind crypto and blockchain. “I would be the first to agree with you that innovation is unlikely to come from the government,” Tarbert told interviewer Anthony Pompliano on Oct. 7 as part of an event segment on… Continue reading CFTC chairman admits regulation must keep up with innovation

CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’

2956 Total views 6 Total shares News On Friday, the Commodity Futures Trading Commission made a fraudster pay back $7.4 million to investors while vowing to protect the Bitcoin market. Per the CFTC’s announcement, James McDonald, Director of the commission’s enforcement division, said The CFTC will continue working to protect our markets, including the burgeoning… Continue reading CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’

CFTC charges crypto futures trading platform for failure to register in the US

On Monday, the Commodity Futures Trading Commission filed charges against Laino Group for soliciting U.S. investors to trade in futures on commodities including Ether, Litecoin and Bitcoin without registering with the commission. Per the CFTC’s complaint the St. Vincent-registered Laino Group, doing business as PaxForex, used a network of U.S.-based affiliates to solicit American retail… Continue reading CFTC charges crypto futures trading platform for failure to register in the US

US Bill Proposes CFTC to Regulate Crypto Exchanges

A new United States draft bill has proposed a single framework to oversee the cryptocurrency exchanges in the country, making the Commodity Futures Trading Commission (CFTC) their regulator. Dubbed the Digital Commodity Exchange Act of 2020, the bill was introduced on Thursday by Representative Michael Conaway (R-Texas), a ranking member on the House Committee on… Continue reading US Bill Proposes CFTC to Regulate Crypto Exchanges

CFTC Penalizes 2 Former NYMEX Staff for Insider Trading

The US Commodity Futures Trading Commission (CFTC) has received court approval for imposing a $4 million fine on the New York Mercantile Exchange (NYMEX) and two former employees – William Byrnes and Christopher Curtin. As announced on Tuesday, the former employees repeatedly disclosed non-public information material, thus violating the Commodity Exchange Act (CEA) and CFTC… Continue reading CFTC Penalizes 2 Former NYMEX Staff for Insider Trading

US Regulator CFTC Grants $9 Million Award to Whistleblower

The Commodity Futures Trading Commission (CFTC) recently announced that it has granted an award of around $9 million to a whistleblower, one of the five largest awards granted as part of the regulator’s Whistleblower Program. The US watchdog said in a statement on Monday that it granted the award after the whistleblower gave it a… Continue reading US Regulator CFTC Grants $9 Million Award to Whistleblower

After Congress’ Digital Dollar Hearing, What’s Next?

Yesterday, during a remote session held at 12:00 PM EST, the United States Congress Financial Services Committee heard testimony from four “witnesses” on the creation of a digital dollar. These included  Mehrsa Baradaran, a Professor of Law at the University of California Irvine School of Law; Jodie Kelley, the CEO of the Electronic Transactions Association;… Continue reading After Congress’ Digital Dollar Hearing, What’s Next?

Florida Man Charged Over $1.6M ‘Compcoin’ Scam

The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme. The April 16 filing accuses Friedland and his companies Fintech Investment Group, Inc and Compcoin LLC of illegally soliciting investments and publishing “untrue and… Continue reading Florida Man Charged Over $1.6M ‘Compcoin’ Scam

CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator

The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million Ponzi scheme Control-Finance be declared a default. On April 3, the CFTC filed for a ruling of default after Control-Finance’s alleged founder and director, Benjamin Reynolds, did not respond to the regulator’s complaint. CFTC unable to… Continue reading CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator