CFTC

CFTC

CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft

The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.

News  ·  14 February 2020
Commodities

LabCFTC Wants to Meet FinTech Startups in New York

LabCFTC, the CFTC's fintech research wing, is visiting New York in April to discuss startups' concerns and projects with their teams.

News  ·  12 February 2020
SEC

US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

Michael Ackerman and unnamed business partners allegedly defrauded investors of $33M in a crypto-trading scheme targeting doctors.

News  ·  11 February 2020
Lawsuits

CFTC Asked to Provide Opinion in SEC Case Against Telegram ICO

A U.S. judge has asked lawyers from the Commodity Futures Trading Commission (CFTC) to provide an opinion in the case brought by the Securities and Exchange Commission (SEC) against Telegram's $1.7 billion token sale.

Policy & regulation  ·  7 February 2020
Digital Dollar

When Will We See the Digital Dollar? ‘Crypto Dad’ Says Soon

Former CFTC Chair Chris Giancarlo sees the current set of financial systems – the older systems associated with the pre-digital age – as almost hopelessly obsolete.

Policy & regulation  ·  3 February 2020
CFTC

CabbageTech CEO Sentenced to 33 Months in Prison After Pleading Guilty in Fraud Case

Patrick McDonnell was sentenced to 33 months in federal prison and ordered to pay victims $225,000 after pleading guilty to charges he defrauded investors in his crypto trading platform, CabbageTech.

News  ·  16 January 2020
Regulation

Regulated Derivatives Will ‘Legitimize’ Crypto, Says CFTC Chair

Regulated derivatives will instill market confidence in cryptocurrencies, according to Heath Tarbert.

Policy & regulation  ·  14 January 2020
CFTC

LedgerX Names Former Chief Tech Officer as New CEO

Former LedgerX CTO and co-founder Zach Dexter has been named as the company's CEO just hours after a director alleged the company's interim management was failing its investors and employees.

News  ·  10 January 2020
CFTC

LedgerX Board Member Says Company in Disarray After Founders’ Ouster

In a letter to the CFTC Office of the Inspector General, a LedgerX board member alleges the company is failing its investors and shareholders following the suspension of its founders in December.

News  ·  10 January 2020
Regulation

Former Bakkt CEO to Help Oversee CFTC in Congress

Newly appointed senator Kelly Loeffler is to join the committee that oversees the Commodity Futures Trading Commission, raising concerns of a possible conflict of interest.

Policy & regulation  ·  8 January 2020
Regulation

What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0

Speaking at CoinDesk's Invest: NYC, Heath Tarbert addressed ethereum futures markets and the move to a proof-of-stake model with Ethereum 2.0.

Markets  ·  15 November 2019
CFTC

US Congress Weighs Bill Spelling Out CFTC’s Crypto Derivatives Oversight

If passed, the bill would be the first to place Congressionally-mandated, digital commodity-specific requirements on the CFTC.

Markets  ·  5 November 2019
Crime

ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

A U.S. court fined the team and firms behind ATM Coin for fraud and misappropriation of client funds in a case brought by the CFTC.

Policy & regulation  ·  5 November 2019
SEC

SEC, CFTC Charge XBT Corp. With Selling Unregistered Swaps for Bitcoin

The SEC and CFTC have settled charges with XBT Corp. after alleging the company sold unregistered security-based swaps for bitcoin.

Policy & regulation  ·  31 October 2019
Europe

US Financial Regulators Join UK FCA’s ‘Global Sandbox’

Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech.

Policy & regulation  ·  24 October 2019