Binance and CEO Zhao Plan to Seek Dismissal of CFTC Complaint
Binance and Changpeng Zhao filed a license application with the U.S. District Court for the Northern District of Illinois, planning to file a legal memorandum to initiate a motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC).
Former CFTC Chair Timothy Massad Calls for Crypto Regulatory Clarity Despite Ripple Court Ruling
Former chair of the CFTC, Timothy Massad, has stated that the recent SEC v. Ripple court ruling may impact the way businesses and lawmakers address crypto. However, he maintains his call for regulatory clarity.
CFTC's Pham Wants to Regulate Crypto in a Holistic Way
Commodity Futures Trading Commission Commissioner Caroline Pham addressed the discussions surrounding regulating the Treasury market and how the CFTC and SEC are working together on cryptocurrency regulation. It is desirable to regulate cryptocurrencies in a holistic manner. (Bloomberg)
US Senators Lummis and Gillibrand to Unveil Crypto Regulation Proposal on July 12
US Senators Cynthia Lummis and Kirsten Gillibrand are set to introduce a revamped crypto regulation proposal called the Lummis-Gillibrand Responsible Financial Innovation Act. The bill aims to bridge the regulatory divide between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and provide clarity for the crypto industry.
Crypto.com’s Steve Humenik Appointed to the U.S. CFTC Global Markets Advisory Committee Digital Assets Market Subcommittee
July 2 (Cointime) -Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, is pleased to announce the appointment of Steve Humenik, Global Head of Derivatives Legal at Crypto.com, to the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee.
Consensys Founder Joseph Lubin Affirms Ethereum Should Be Classified as a Commodity in CNBC Interview
June 28 (Cointime) - Joseph Lubin, the founder of Consensys, has stated in a recent CNBC interview that Ethereum (ETH) should be classified as a commodity. Lubin cited previous statements by regulatory bodies, including the SEC and CFTC, as evidence for his claim.
CFTC Takes Action Against Crypto Scams, Including $21 Million Ponzi Scheme and Romance Scam Defrauding $1.3 Million
June 25 (Cointime) - The United States Commodity Futures Trading Commission (CFTC) has been actively fighting against cryptocurrency scams this week.
CFTC Charges California Man for Running Romance Scam That Swindled Crypto Investors Out of $1.3 Million
June 23 (Cointime) - The Commodity Futures Trading Commission (CFTC) has taken legal action against a California man and his company for allegedly running a romance scam that defrauded at least 29 investors out of over $1.3 million in digital asset commodity and forex trading between April 2021 and March 2022.
What Does the Crypto Turf War between SEC and CFTC Mean to Real-world Assets?
June 19 (Cointime) - “What Does the Crypto Turf War between #SEC and #CFTC Mean to Real-world Assets (#RWA)?”
Coinbase CEO Outlines Ideal Crypto Regulations for US
Coinbase CEO Brian Armstrong has shared his vision for US crypto regulations in an interview with the Wall Street Journal. Armstrong believes that a clear regulatory framework is needed to define the roles of the SEC and the CFTC, while also providing investor protection.
