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CFTC
Coinbase (COIN) Wins Approval to List Crypto Futures in U.S., Shares Spike
“I have been vocal about the benefits of bringing appropriate crypto activities into the regulated space in order to protect customers, but in a way that supports oversight, accountability, transparency, and risk management,” CFTC…
CFTC Overreached in Suing Binance, Crypto Exchange Says
The filing leans heavily on the view that the CFTC is overreaching in suing Binance, which does not operate in the U.S., and its CEO Changpeng "CZ" Zhao, who does not reside in the U.S., the filing said. The first six of the CFTC's…
Binance Says It Intends to File Motion to Dismiss CFTC Complaint
Binance’s response to the CFTC’s complaint is due later this week, on July 27. The filing did not specify Binance’s argument, only that it is requesting to exceed the standard 15-page limit due to the complexity of the case. According to…
Why Did Celsius Go Up in Flames? Alex Mashinsky Built Celsius a House of Cards
That they lost money on their outlays (over $1.7 billion in total), that they stupidly found themselves in a position of having to buy CEL on the open market to pay user rewards, that they speculated in decentralized finance (DeFi)…
CFTC Finds Celsius, Ex-CEO Broke Agency Rules: Bloomberg
The report says that investigators at the CFTC have concluded that the bankrupt lender and its CEO broke the regulators' rules by misleading investors, the report added. If a majority of the CFTC’s commissioners agree, the agency could…
CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds.…
CFTC Kicks Off Review of Prediction Market Kalshi’s Congressional Control Betting Contracts
"The Commission should treat Kalshi’s certification in the same manner it treats all DCM certifications of new products, and then do what Congress provided: Undertake a public rulemaking process to establish a legal framework for…
CFTC Charges Man With Fraud in ‘Pig Butchering’ Crypto Romance Scam
The action, filed in the U.S. District Court for the Central District of California, alleges that Cunwen Zhu, a California businessman, tricked at least 29 customers out of more than $1.3 million allocated for digital asset commodity and…
CFTC Wins Lawsuit Against Crypto Derivatives Operator Ooki DAO
A federal judge has sided with the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit alleging decentralized autonomous organization (DAO) Ooki DAO offered unregistered commodities, quashing an industry-wide perception that…
U.S. CFTC May Change Risk Rules in a Way That Could Consider Crypto
“These technological advancements, with their accompanying risks, necessitate the commission revisiting our regulatory oversight, including our risk management requirements,” Goldsmith Romero said. “Integration of digital assets with…
