Crypto EcoBlog
Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has reaffirmed that Ethereum, the second-biggest cryptocurrency in the crypto market, is a commodity.Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24,...
Read More »Is CFTC Underfunded to Regulate Cryptocurrency Industry?
The CFTC has been working closely with the SEC to help provide crystal clear cryptocurrency regulations.The cryptocurrency market is getting shaped by global geopolitics. In the United States, the Commodity Futures Trading Commission (CFTC), under Chair Rostin Behnam, has been at the forefront of cryptocurrency industry regulations. However, it has been regarded as a friendlier regulator than the Securities and Exchange Commission (SEC).During a panel discussion hosted by law firm Lowenstein...
Read More »Treasury Secretary Janet Yellen Emphasizes Need for Regulatory Framework for Crypto Market
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Read More »US Regulators Seek More Power From Congress to Address Crypto Regulatory Gaps
In a new report, the Financial Stability Oversight Council (FSOC), a regulatory panel comprising leading financial regulators, identified areas in crypto regulation with: limited oversight of the spot market for tokens that are not securities; opportunities for regulatory arbitrage, or benefit favorable rules; if crypto firms should be allowed to integrate multiple services traditionally offered by intermediaries, such as broker-dealers and clearing houses. More Power to Top...
Read More »FTX Forays into Forex Derivatives Trading, Lists New Perpetual Future
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Read More »Senior US Regulators Demand Increased Rules and New Legislation for Cryptocurrencies
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Read More »Rostin Behnam Says Bitcoin Price Could Jump X2 under CFTC Regulation
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Read More »Jerome Powell Calls for Appropriate DeFi Regulation Following Reports of Significant Structural Issues
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Read More »California State Regulator Targets 11 Crypto Firms for Running ‘Ponzi Schemes’
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Read More »CFTC Lawsuit Against Ooki DAO, $250,000 Settlement with bZx Creates New Precedents
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action lawsuit against Ooki DAO, a crypto margin trading and lending platform for engaging in digital asset margin trading that only CFTC-registered Futures Commission Merchants (FCM) can perform. Ooki DAO also failed to adhere to customer identification requirements prescribed under the Bank Secrecy Act, the commission further alleged in its lawsuit filed in the U.S. District Court for the Northern...
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