According to the US Commodity Futures Trading Commission (CFTC), investors are warned to be cautious of software or algorithms created by AI that claim to generate a 100% "winning" rate. The CFTC has identified encrypted asset trading schemes, trading signal strategies, or automated trading algorithms created by some artificial intelligence as tools used by fraudsters to target investors. In a statement released through the CFTC's Office of Customer Education and Outreach (OCEO), the committee also expressed concern about the increasing number of criminals using AI to hype up theft from users. The statement said that fraudsters spread false information through social media platforms and so-called influencers, further exacerbating the problem. Unlike traditional media or advertising companies, influencers and social media platforms are not bound by conventional marketing or advertising rules. Nevertheless, the statement listed some steps that investors should always take before investing their money.

Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission (CFTC), expressed his concerns about the risks that the recently approved spot Bitcoin ETF product may bring during an event held by the American Bar Association today. He once again called for federal legislation to regulate cryptocurrencies. Behnam said, "I am concerned that the regulatory approval of Bitcoin ETPs may bring risks. Retail and institutional investors may mistake the technical approval of the product for actual regulation of cash commodity digital assets. The need for federal legislation has never been more urgent, and I will continue to call for action." Behnam also stated that there are currently no good measures to "address the opaque and inconsistent practices in the cash markets of digital assets" regarding conflicts of interest and customer protection issues.

The US Commodity Futures Trading Commission (CFTC) has announced that it has filed a lawsuit against Debiex and Zhăng Chéng Yáng in the Arizona state court in its second case, involving the use of digital assets to solicit customers through deception. The complaint alleges that since approximately March 2022, Debiex has used cryptocurrency scams to collect and misappropriate more than $2.3 million from at least five US customers.

US Commodity Futures Trading Commission (CFTC) has proposed strengthening reporting requirements for swap dealers (SDs) in order to obtain high-quality swap data to identify granular risks. Specific content includes: requiring unique product identifiers for swap transactions; requiring specific customer data for reporting products and risk exposures; and requiring relevant data for reporting encrypted assets. CFTC Commissioner Christy Goldsmith Romero stated that accurate, timely, and high-quality swap data is crucial for improving market transparency and avoiding systemic risks, and this move helps prevent financial risks and promote financial stability. (Futures Daily)

A proposal passed by the US Commodity Futures Trading Commission (CFTC) requires derivatives clearing organizations (DCOs), the main intermediaries in the industry, to separate customer funds from their own funds. The proposal will now enter a period of public comment, which is a crucial step in the process of developing rules that apply to all companies under commodity regulatory agencies. The goal of the proposed rules is to protect customer funds if DCOs face liquidity constraints, such as a large number of withdrawal requests from cryptocurrency exchanges.

The chairman of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many cryptocurrencies are considered commodities under current laws, including Ethereum and stablecoins. However, there is a lack of clear regulatory guidelines, which is hindering businesses operating in the crypto industry in the US. Behnam has emphasized the need to figure out how existing laws fit into this new technology and the necessity for a new way of thinking around policy and legislation. The differing views of the CFTC and the Securities and Exchange Commission (SEC) have led to a regulatory dispute, causing uncertainty and discouraging some crypto companies from continuing business in the US.

CFTC Chairman Rostin Behnam stated that there are loopholes in US crypto regulation and that Congress should intervene legislatively to address the issue. He pointed out that although many tokens are recognized as commodities, the regulatory environment is still imperfect and called on Congress to take action.<br>Rostin emphasized that CFTC and SEC have a common interest in protecting the market and financial ecology, and their relationship is good. He did not specifically respond to differences in views on cryptocurrencies with SEC Chairman Gary Gensler.

Rostin Behnam, chairman of the US Commodity Futures Trading Commission (CFTC), admitted in an interview with CNBC that many tokens constitute commodities under current law. Behnam stated that we are trying to figure out how existing, decades-old laws adapt to this seemingly changing new technology, and ultimately need a new approach centered around policy and legislation. Under current law, many tokens constitute commodities. This direct statement provides much-needed clarity on the regulatory status of cryptocurrencies in the United States. Rostin Behnam also delved into the complex regulatory issues facing the cryptocurrency industry and emphasized the urgent need for legislative action. Behnam stated, I think members of Congress are trying to figure it out. Integrating new digital assets into traditional regulatory models is a challenge. Behnam also emphasized CFTC's commitment to stable markets in the interview.

According to a source confirmed by media outlet Decrypt, Coinbase is working with the CFTC to determine which trading data can be shared.

The Block cited sources as saying that Coinbase has sent emails to some customers stating that they have received a subpoena from the US regulatory agency CFTC regarding Bybit. In the email, Coinbase stated: "You do not need to take any action, but Coinbase may respond to the subpoena unless a motion to quash is served or other opposition is made to the subpoena served on the court before November 30, 2023, including sending information about your Coinbase account to the Commodity Futures Trading Commission." According to its enforcement manual, the CFTC has certain powers to investigate, including through voluntary statements and subpoenas. In an article in May, Coinbase stated that US law requires Coinbase to collect information, including matters related to subpoenas.