Crypto and blockchain executives join CFTC tech advisory board
The technology advisory group aims to help the CFTC “identify and comprehend the ramifications and implications of technological innovation in financial services and markets.” The Commodities Futures Trading Commission (CFTC) has shown interest in the crypto and blockchain sectors by appointing numerous leaders from the industry to its new Technology Advisory Group (TAC). Christy Goldsmith […]
FTX clients demand more transparency about subsidiary sales
FTX customers claim they should be included in the sales process to guarantee their interests are reflected and have filed a limited objection to FTX’s plan to sell four independently run companies. An ad hoc committee of non-U.S. customers, consisting of 18 members, who have combined claims against FTX totaling more than $1.9 billion, submitted […]
Alameda Had Special Access To FTX Funds: CFTC Filing
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage. The shady partnership between FTX and Alameda Research, in which the hedge fund was given a “unfair” trading advantage and unheard-of access to user holdings on the cryptocurrency exchange, is still coming to light in court documents. […]
Judge orders CFTC to serve legal papers to Ooki DAO founders.
The CFTC has been directed by a federal judge in the United States to serve its lawsuit on the two initial founders of the Ooki DAO. On December 12, District Judge William Orrick directed the Commodities Future Trading Commission (CFTC) to serve Tom Bean and Kyle Kistner, the founders of the forerunner of Ooki DAO, […]
Jill Sommers joins FTX US board of directors
Former Commodities and Futures Trading Commissions (CFTC) commissioner Jill Sommers is the latest addition to the crypto exchange FTX subsidiary’s board of directors. The board of directors for FTX US Derivatives now includes Jill Sommers, a former commissioner at the US Commodity Futures Trading Commission. The derivatives division of cryptocurrency exchange FTX US announced Sommers’ […]