Crypto Booster Brian Quintenz to Step Down as CFTC Commissioner

Quintenz will leave by Aug. 31.

Policy & regulation  ·  19 August 2021

Congressmen McHenry, Thompson Call SEC Chair Gensler’s Remarks on Crypto ‘Concerning’

The two congressmen wrote that rather than potentially regulating innovation and job creation out of the U.S., lawmakers and regulators should “promote an active dialogue between regulators and market participants.”

Policy & regulation  ·  16 August 2021

Biden Administration to Pick Acting Chairman Rostin Behnam to Head CFTC: Report

The regulator is charged with overseeing derivatives market activity, including cryptocurrency derivatives.

Policy & regulation  ·  16 August 2021

BitMEX Announces $100M CFTC, FinCEN Settlement

BitMEX will pay a $100 million penalty to resolve the charges, the firm announced in a blog post.

News  ·  10 August 2021

CFTC Commissioner Says SEC Lacks Authority Over Commodities, Including ‘Crypto Assets’

Quintenz's comment follows remarks by SEC Chairman Gary Gensler, who this week reiterated his view that stock and "stable value tokens backed by securities" qualify as securities.

News  ·  5 August 2021

Former CFTC Attorney Ryne Miller Joins FTX.US as General Counsel

Miller served as legal counsel to SEC Chairman Gary Gensler, when Gensler was at the CFTC.

Policy & regulation  ·  3 August 2021

US Derivatives Traders Are Easily Bypassing Blocks on Offshore Exchanges: Report

U.S.-based traders are able to use virtual private networks designed to mask the country where they are based. Or they simply lie about where they are from.

News  ·  30 July 2021
Court Cases

Judge Bans ‘PaxForex’ From US for Offering Unregistered, Leveraged Crypto Trades

The St. Vincent-based trading shop did not show up in court to defend itself against CFTC allegations.

Policy & regulation  ·  9 July 2021

Bitcoin ETF Would Be Good for Investors and Regulators, Says Former CFTC Chairman

The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.

News  ·  7 July 2021

DeFi Derivatives May Be Illegal: CFTC Commissioner

Federal law "does not contain any exception" for decentralized finance markets, Dan Berkovitz said.

News  ·  8 June 2021

Digital Dollar Should Be ‘Actively Explored,’ Says Former CFTC Chairman

Maintaining users' privacy is a key design focus, according to Massad. "We're not China."

News  ·  2 June 2021

CFTC Appoints Former DEX Lawyer as Head of Fintech Wing

Jason Somensatto joined the CFTC in February.

People  ·  29 April 2021

State of Crypto: Congress Takes One Step Closer to Regulatory Clarity

A bipartisan bill addressing cryptocurrencies made it through the House of Representatives. Next up: the Senate.

Policy & regulation  ·  27 April 2021

Crypto Options ‘Ponzi Scheme’ Operator, Firm Ordered to Pay $32M

A U.S. district court entered a default judgment against an Australian citizen residing in the U.S. and a Nevada corporation for a cryptocurrency fraud and misappropriation scheme, the Commodity Futures Trading Commission said Thursday.

News  ·  8 April 2021

UK Man Ordered to Pay More Than $571M for Fraudulent Bitcoin Trading Scheme: CFTC

The man solicited at least 22,190.542 bitcoin, valued at about $143 million at the time, from more than 1,000 customers worldwide.

News  ·  26 March 2021