The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are reportedly looking into options for collaborating on regulating cryptocurrencies. According to Fox News journalist Eleanor Terrett, who referenced sources in a post on X on February 13, the agencies are contemplating reestablishing a joint advisory ...
President Donald Trump is reportedly set to nominate Brian Quintenz, a key figure in the cryptocurrency policy space, as the next chair of the United States Commodity Futures Trading Commission (CFTC). According to Bloomberg, citing a White House document sent to Capitol Hill, Quintenz’s appointment could reshape the regulatory landscape ...
Caroline Pham, the newly appointed acting chair of the Commodity Futures Trading Commission (CFTC), has introduced significant leadership changes within the agency, indicating a potential shift in its approach to market oversight and cryptocurrency regulation. Acting Chairman @CFTCpham Announces CFTC Leadership Changes: https://t.co/x2J5tS4TnN — CFTC (@CFTC) January 23, 2025 On ...
The Commodity Futures Trading Commission (CFTC) is set to vote on whether to subject Crypto.com’s new futures contracts, which enable users to wager on major football games like the Super Bowl, to a 90-day review. According to a Bloomberg report on January 14, the five-member federal commission is debating whether ...
A group of U.S. lawmakers has called on the United States Commodity Futures Trading Commission (CFTC) to ban betting on the outcomes of the upcoming 2024 presidential elections in the country. Senators Jeff Merkley, Richard Blumenthal, and Elizabeth Warren, along with Representatives Jamie Raskin and John Sarbanes, expressed their concerns ...
KuCoin, one of the largest crypto exchanges in the world, has formed an alliance with the top law firm A&O Shearman as it faces mounting legal challenges from US authorities. This partnership comes after the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) brought debilitating lawsuits against ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
Binance has pleaded guilty to multiple charges brought against it by the United States Department of Justice and has agreed to pay a staggering $4.3 billion penalty as part of a settlement deal. The US DOJ announced this development in an official statement published on Tuesday, November 21, 2023. The ...
Binance may reportedly shell out a settlement fine of over $4 billion to the United States Department of Justice (DOJ) to resolve a lengthy investigation into its alleged violation of American anti-money laundering laws and involvement in evading US sanctions against Iran and Russia. This potential settlement, if reached, would ...
On July 27, 2023, attorneys representing Binance and its CEO, Changpeng Zhao filed a motion to dismiss the lawsuit filed both parties by the U.S. Commodity Futures Trading Commission (CFTC). The attorneys claimed that the lawsuit is CFTC's attempt to extend its regulatory authority beyond the United States and exert ...
