Trump picks Caroline Pham as acting CFTC Chair
Caroline Pham, the primary advocate for Digital assets “regulatory sandbox” U.S. President Donald Trump is yet to pick a permanent chair for CFTC. US elect President Donald Trump has picked Commissioner Caroline Pham as the acting Commodity and Futures Trading Commission chair. The CFTC confirmed the appointment via a press release on Jan. 20. Trump […]
$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal
A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […]
CFTC mulling probe of Crypto.com over Super Bowl contracts: Report
The CFTC is considering probes on sports betting event contracts offered by Crypto.com weeks out from the popular Super Bowl match, Bloomberg reports.This post was originally published on this site
Singapore blocks Polymarket, calls it an “illegal gambling site”
Singapore’s regulator said Singapore Pools is the only licensed gambling operator in the country Anyone who uses an unlicensed gambling service is liable to face a fine of up to $10,000, six months in jail, or both Other countries that have restricted access to Polymarket include France, Taiwan, and the US Singapore’s gambling regulator has […]
Pro-crypto CFTC boss, subcommittee rumored as Trump inauguration nears
New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC Commissioner to take the agency’s helm.This post was originally published on this site
Coinbase informs users of CFTC subpoena involving Polymarket
Coinbase may be required to send certain information related to user accounts to the CFTC in response to a subpoena related to Polymarket.This post was originally published on this site
CFTC chair’s final message includes a call for crypto guardrails
In what he said would be his last remarks as CFTC chair, Rostin Behnam said he intended to advocate for the commission to address regulatory challenges over digital assets.This post was originally published on this site
CFTC Chair Rostin Behnam to leave agency, calls for need to fill crypto regulatory gap
Behnam’s last day at the Commission will be February 7 The CFTC obtained a $12.7 billion judgment against the now-defunct FTX exchange and Alameda Research in 2024 Rostin Behnam, the US Commodity Futures Trading Commission (CFTC) Chair, will step down on January 20 as President-elect Donald Trump enters the White House. In a statement released […]
Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream Adoption
The departing CFTC Chairman Rostin Behnam is sounding the alarm on the lack of comprehensive regulation of cryptocurrencies in the U.S. Regulatory Gap The outgoing chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has lamented what he termed the insufficient regulation of cryptocurrencies in the United States. Behnam argued that the U.S. needs […]
CFTC Chair Rostin Behnam Resigns Amid Anti-Crypto Exodus
Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC) announced his resignation on Tuesday, just a day after Michael Barr, Federal Reserve Board governor and vice chair for supervision, stepped down from his supervisory role. SEC Chairman Gary Gensler, who announced his resignation in November, and Barr, two key masterminds behind the infamous […]