You Searched For "cftc" and got 20 results
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2 mins read
The SEC does not have the regulatory experience to govern crypto, says CFTC commissioner
"The SEC has no authority over pure commodities or their trading venues whether those commodities a…
Isabelle Lee
1 min read
US regulators are reportedly meeting with DeFi companies as scrutiny of crypto builds
DeFi insiders have complained that regulators often do not understand the industry, creating bad fi…
Ethan Wu
2 mins read
The crypto industry has racked up $2.5 billion in fines since bitcoin was launched in 2009
The majority of the fines imposed by regulators, around $928 million, are related to unregistered s…
Isabelle Lee
1 min read
A top US regulator said he Googled DeFi and thinks much of it is illegal
The CFTC's Dan Berkovitz said he thinks much of decentralized finance, or DeFi, is a bad idea, in a…
Harry Robertson
2 mins read
The curious cases of the nonexistent silver coins, vanishing crypto, and stones in place of nickel – 3 bizarre investment frauds of 2023
The year 2023 has seen its share of investment frauds. Some of the more peculiar cases involved mis…
Joseph Wilkins
2 mins read
The Biden administration is reportedly looking at how to increase oversight of crypto to protect retail investors and prevent illegal activity
The administration is also analyzing potential gaps that may be used to finance illicit activities,…
Isabelle Lee
3 mins read
Here's why recent moves by the SEC and CFTC may be just the start of crypto's regulatory troubles
High-profile events like the crash of FTX and the implosion of TerraUSD earlier last year have made…
Morgan Chittum
2 mins read
The SEC is suing Binance and CEO Changpeng Zhao for violating securities regulation
The world's largest crypto exchange is being sued by the SEC for operating an illegal exchange in t…
Max Adams
1 min read
XRP surges 10% on speculation the CFTC's Binance suit could impact the token developer's monumental SEC case
A win against the agency would be a big victory for Ripple, and would also offer some further clari…
Morgan Chittum
1 min read
The CFTC just charged a bitcoin firm with operating the 'largest ever fraud' involving the cryptocurrency
Mirror Trading International offered investors returns as high as 10% a month through a trading "bo…
Jennifer Sor
2 mins read
Binance customers pulled more than $1 billion the day US authorities slammed the crypto giant with a lawsuit
Binance saw $1.3 billion in outflows on the day of the CFTC's lawsuit, according to crypto data pro…
Zinya Salfiti
1 min read
Binance boss CZ shows what he thinks of the trading violations lawsuit with an enigmatic tweet: '4'
Cryptocurrency executive Changpeng Zhao signaled that he views the CFTC lawsuit against him and his…
Zinya Salfiti
1 min read
FTX has a massive $9.5 billion shortfall in top crypto and cash needed to repay customers, the bankrupt exchange's new bosses say
In a presentation, lawyers for the bankrupt FTX identified billions of dollars in shortfalls across…
Ryan Hogg
2 mins read
Read the CFTC complaint against FTX's Sam Bankman-Fried and his associates Caroline Ellison and Gary Wang
The Commodity Futures Trading Commission said FTX execs gave exemptions to Alameda that let it "sec…
Grace Dean
1 min read
Former FTX exec Nishad Singh will plead guilty over his role in the crypto exchange's collapse, according to reports, further isolating Sam Bankman-Fried
Former FTX executive Nishad Singh will plead guilty over his role in the alleged fraud that caused …
Zinya Salfiti
4 mins read
The SEC's crypto crackdown is escalating as it goes after the Winklevoss twins' firm over 'unregistered securities.' Here's what they are.
SEC Chair Gary Gensler has gone after the Winklevoss twins and Kraken with an attack on supposedly …
Ryan Hogg
2 mins read
Binance expects to pay a fine to get regulators off its back after Kraken stumped up $30 million for just that
In an interview with the WSJ, Binance's chief strategy officer decried a "very confusing time" for …
Ryan Hogg
2 mins read
Sam Bankman-Fried gave $400 million to an obscure crypto-trading firm cofounded by a Jane Street trader just 2 years out of college, report says
Modulo Capital operated out of the same luxury Bahamas resort where Sam Bankman-Fried lived. Like S…
Pete Syme
2 mins read
An FTX executive flagged worries about Alameda Research's use of customer funds to Sam Bankman-Fried as early as 2020, report says
CEO Sam Bankman-Fried dismissed the concerns saying the funds were backed by FTX's cryptocurrency, …
Pete Syme
4 mins read
What is wash trading, the fraudulent practice that some experts say accounts for 70% of transactions on crypto exchanges?
Wash trading can artificially boost prices, give the illusion of liquidity, and generate interest f…