In a statement made public on September 4th, the Uniswap Labs, a developer of decentralized exchange (DEX), was charged by the US Commodity Futures Trading Commission (CFTC) with the unlawful sale of leveraged cryptocurrency trading to retail investors in the US. As part of the settlement, Uniswap Labs complied with
Gemini, a cryptocurrency exchange, has asked US authorities to shelve a proposal that would outlaw event contracts on decentralized prediction markets if it were to pass. In a letter sent to Christopher Kirkpatrick, secretary of the US Commodity Futures Trading Commission (CFTC), on August 8, Gemini emphasized the negative effects
BitMEX, a leading cryptocurrency exchange based in the Seychelles, has pleaded guilty to breaching the Bank Secrecy Act (BSA) between 2015 and 2020, as announced by the U.S. Department of Justice (DOJ) on Wednesday. Court documents reveal that BitMEX intentionally failed to implement a know-your-customer (KYC) and anti-money laundering (AML)
It appears that the U.S. Commodities and Futures Trading Commission (CFTC) is trying to bring together the digital assets sector and the traditional financial markets by adding Mo Shaikh, CEO of Aptos Labs, to its digital assets subcommittee. The CFTC’s rulemaking on international commerce and business is greatly influenced by
Concerning the use of AI in the financial markets, particularly decentralized finance, Kristin Johnson of the Commodity Futures Trading Commission (CFTC) has suggested measures including increased fines. Johnson expressed her worries on artificial intelligence and its implications for deregulation of financial markets in a speech she gave at the Fintech
The U.S CFTC is expected to propose additional regulatory measures for the predictions market. The goal of these safeguards is to reduce potential dangers and biases in vertically integrated models. Particularly in the crypto industry, models of such systems that allow enterprises to manage several levels of their supply chain
Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), expressed concern that the recent licensing of spot bitcoin ETF products poses dangers and reiterated his need for federal legislation to govern cryptocurrency. Behnam made these comments two weeks after the first group of spot bitcoin ETFs were authorized by
A report titled Decentralized Finance was produced by the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee’s Digital Assets and Blockchain Technology Subcommittee. Earlier, the Department of Treasury issued a report in April regarding the risks of illicit financing in DeFi. The report urged federal regulators to engage with the
Crypto derivatives firm Bitnomial has been authorized to settle margined futures and options contracts after registering as a derivatives clearing organization in the United States with the consent of the Commodity Futures Trading Commission (CFTC). Bitnomial applied to the Commodity Futures Trading Commission (CFTC) to provide U.S investors with margined
The U.S CFTC has launched a lawsuit against former Voyager Digital Ltd. CEO Stephen Ehrlich, bringing the cryptocurrency business back into the limelight. Stephen Ehrlich allegedly broke derivatives laws and misled clients about the security of their digital assets. This has been detailed in a recent report by the Commodity
