Category: CFTC

CFTC reportedly investigating decentralized prediction platform Polymarket

CFTC reportedly investigating decentralized prediction platform Polymarket

Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. 2429 Total views 72 Total shares New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC). According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating […]

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CFTC hits Kraken with $1.25M in fines over alleged illegal offering

CFTC hits Kraken with $1.25M in fines over alleged illegal offering

“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent McGonagle, the CFTC’s acting director of enforcement. 4197 Total views 28 Total shares The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto […]

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CFTC commissioner: agency doesn’t have enforcement resources without Congress

CFTC commissioner: agency doesn’t have enforcement resources without Congress

“We’re not necessarily looking for more authority without more resources,” said Dan Berkovitz in regards to crypto markets. 2564 Total views 9 Total shares Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need […]

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With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance

With US regulators handing out $2.5B in fines since 2014, crypto is not the ‘wild west’ of finance

A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators. 1631 Total views 8 Total shares According to a report from blockchain analytics firm Elliptic, unregistered securities offerings represent more than half of all crypto fines handed out by U.S. […]

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After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal

After googling it, CFTC boss says DeFi is a ‘bad idea’ and probably illegal

CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. 7562 Total views 10 Total shares Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes DeFi derivatives platforms may contravene the Commodity Exchange Act (CEA). Speaking as part of a June 8 keynote address dubbed “Climate Change […]

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