eToro Limits Crypto Trading for U.S. Customers Due to SEC Lawsuits
eToro trading platform announces that it will stop offering new positions in four crypto assets for U.S. customers following the SEC’s legal actions against Coinbase and Binance. eToro, a leading social trading platform that offers access to various asset classes, including stocks, ETFs, options, and cryptocurrencies, has decided to limit its crypto offerings for customers […]
Ooki DAO to Shut Down its Operations After CFTC Court Victory
A United States district judge has ordered Ooki DAO to shut down indefinitely and pay a civil monetary fine of $643,542 due to a default judgment order. The Commodity Futures Trading Commission (CFTC) initiated the action against Ooki DAO. They accused it of unlawfully acting as a futures commission merchant and providing margin and leverage […]
CFTC Warns Crypto Clearinghouses, Urges Rulemaking
The U.S. Commodity Futures Trading Commission (CFTC) has issued a staff advisory to derivatives clearing organizations (DCOs) regarding the potential risks associated with digital assets. The move highlights an increased focus on the emerging crypto market and calls for proactive risk management. The advisory was prompted by DCOs’ growing interest in providing clearing services for […]
Binance Intentionally Breaks US Laws – CFTC Chair
According to a Bloomberg report, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reprimanded Binance for intentionally violating regulatory rules and failing to keep Americans off the crypto exchange. During an engagement at Princeton University, CFTC Chairman Rostin Behnam argues that Binance’s executives are “not simpletons.” They have established large corporations that offer futures contracts […]
CFTC sue Binance, CZ over alleged regulatory violations
The Commodities Futures Trading Commission is suing Binance and its founder Changpeng Zhao for a number of alleged infractions. Samuel Lim, the former chief compliance officer of Binance, was also accused of encouraging the company’s illegal activities. Binance “apparently opted to willfully disregard applicable provisions of the CEA while engaging in a determined strategy of […]