CFTC

The Securities and Exchange Commission (SEC) this week won rulings against two defendants in a cryptocurrency scam that allegedly defrauded up to $45 million out of private investors. The U.S. Court for the Northern District of Illinois entered final judgments against Arline Woodbury of Ridgewood,...

Goldman Sachs Inc. (NYSE:GS) finds itself under the lens of the Commodity Futures Trading Commission (CFTC), with an ongoing investigation into its futures trading fees spotlighting the bank’s operational practices. This probe focuses on the bank’s fee structure for futures trading,...

Prometheum Inc., the sole crypto securities platform in the U.S. with regulatory approval, will offer custody services for Ethereum's Ether (CRYPTO: ETH) to its clients. What Happened: Despite facing industry scrutiny and having not yet generated revenue, co-CEOs Aaron and Benjamin Kaplan aim...

A new report on decentralized finance (DeFi) hones in on one of the most pressing issues facing this innovative sector: the challenge of digital identity. What Happened: The Technology Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC) is calling for a balance between...

Crypto exchange Coinbase Global Inc. (NASDAQ: COIN) is set to challenge the U.S. Securities and Exchange Commission (SEC) in court following the regulatory body's refusal to establish new rules for cryptocurrencies. The Securities and Exchange Commission (SEC), led by Chair Gary Gensler,...

Shedding light on the complexities of cryptocurrency regulation and the consequential legal actions against Binance founder Changpeng Zhao, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam on Thursday said the crypto mogul could eventually serve jail time. In an interview...

The U.S. Commodity Futures Trading Commission (CFTC) approved a derivatives clearing organization (DCO) license for Bitnomial, the U.S.-regulated digital asset derivatives exchange announced on Wednesday. This approval, decided by a four-to-one vote at the CFTC December Open Meeting, positioned...

In a notable development, the world’s leading cryptocurrency exchange, Binance, observed a significant dip in its market share in 2023, down to 30%. What Happened: As per a report by CoinDesk, regulatory hurdles and top-level exits contributed to Binance’s market share falling from 55%...

Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has notified a select group of its users via email about a subpoena it has received from the Commodity Futures Trading Commission (CFTC), requesting detailed information on user accounts and their transaction histories. This development,...

In a surprising turn of events, the X account of Changpeng Zhao, the co-founder and former CEO of Binance (CRYPTO: BNB), was temporarily restricted, before being reinstated. This development came amid a series of controversies surrounding Binance, the world’s largest cryptocurrency...

The cryptocurrency market has been in a state of flux following the recent news surrounding Binance and Changpeng Zhao's resignation as CEO. At the time of writing, Bitcoin (CRYPTO: BTC) is priced at $37,346.50, up 4.46%. Ether (CRYPTO: ETH) is priced at $2,070.85, up 7.11%. Also Read: ...

Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam expressed concerns about the limitations of U.S. regulatory authority in preventing another major cryptocurrency market collapse similar to FTX’s downfall. Behnam's Remarks At Financial Markets Quality Conference 2023:...

The Commodity Futures Trading Commission (CFTC) has proclaimed itself as the top crypto enforcement agency. This comes after a year marked by a record-breaking number of enforcement actions targeting the cryptocurrency sector. What Happened: CFTC announced it has become the leading...

U.S. regulators paid $16 million to crypto whistleblowers this year as part of an effort to identify fraud and other illegal activities. As a result, the Commodity Futures Trading Commission (CFTC) plans to increase financial literacy, particularly related to crypto scams. “With the rise of...

The fervor surrounding cryptocurrencies continues to grow, with North America spearheading institutional activity in the crypto sector. A research report by Chainalysis reveals that 76.9% of North America's cryptocurrency transaction volume is spurred by transfers of $1 million or more. This...