Gemini Space Station Inc. is strategically preparing to roll out prediction market services as an extension of its ambitious expansion strategy after a successful public listing. The cryptocurrency trading company, which was started by two twin entrepreneurs, Tyler and Cameron Winklevoss, submitted the required paperwork to the Commodity Futures Trading
President Donald Trump has nominated Michael Selig, the current chief counsel of the crypto task force of the SEC, to head the Commodity Futures Trading Commission. The strategic appointment will help bring together cryptocurrency regulation between federal agencies and promote the pro-digital asset regulatory agenda of the administration. Experienced Regulator
Kraken, a cryptocurrency platform, has acquired Small Exchange, an IG Group subsidiary, in a deal worth $100 million, its second big derivatives acquisition of the year. The acquisition provides Kraken with a CFTC-licensed designated contract market maker license, allowing regulated derivatives trading in the United States within the country. The
To facilitate the trading of “spot crypto asset contracts” on futures exchanges licensed with the US Commodity Futures Trading Commission, an effort has been initiated by the commission. The CFTC extended the invitation as part of its “crypto sprint” effort to put into action the 18 recommendations made by President
The team behind My Big Coin has been ordered to cough up nearly $26 million after the CFTC found them guilty of running a full-on scam. According to the agency, the company misled investors and straight-up lied about what backed their crypto. It’s one of the biggest fines we’ve seen
On June 12, Coinbase, one of the biggest names in the U.S. crypto game, revealed that it’s getting ready to launch perpetual futures trading for U.S. users, this time fully under the watch of the Commodity Futures Trading Commission (CFTC). The news dropped during the State of Crypto Summit in
US Congress introduced the Digital Asset Market Clarity (CLARITY) Act, aiming to redefine how digital assets are regulated in the United States. The bill, unveiled by House lawmakers on Thursday, seeks to transfer most crypto oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC).
Brian Quintenz, former commissioner at the Commodity Futures Trading Commission (CFTC), has been nominated by Donald Trump to lead the agency. Ahead of his Senate confirmation, Quintenz has disclosed financial interests in several crypto and market prediction firms. He also laid out steps to avoid conflicts of interest if approved
The crypto industry is urging the Commodity Futures Trading Commission (CFTC) to establish clear regulations for perpetual contracts, a type of derivative that allows indefinite position holding without expiration. Industry players argue that current regulatory ambiguity is hindering innovation and placing U.S.-based platforms at a competitive disadvantage globally. Perpetual contracts
Cryptocurrency has come a long way—from a fringe concept known only to tech-savvy circles to a key player in the global financial ecosystem. As digital assets gain more mainstream acceptance, governments and regulators worldwide are working to figure out how best to fold them into existing financial and legal frameworks.
