Sources: SEC Chair, CFTC will be scrutinized over crypto bill
The U.S. SEC Chairman, Gary Gensler, has come under fire for how he has handled the cryptocurrency industry. Many influential figures have spoken out in favor of clear restrictions on digital assets. According to Fox Business Journalist Eleanor Terrett, the SEC Chair will be subject to testimony. She did, however, add that according to her […]
SBI Group investee gets CFTC approval for derivatives trading
Derivatives exchanges are required to receive approval to operate as a Designated Contract Market or a Swap Execution Facility under the U.S. Commodity Exchange Act and CFTC regulations. According to reports, the Commodity Futures Trading Commission, or CFTC, has given the go-ahead for the US unit of electronic trading platform creator Clear Markets to provide […]
CFTC and SEC propose amending reporting rules for hedge funds
The SEC and CFTC cited development in the hedge fund business as the rationale for the proposed adjustment. Large advisers to certain hedge funds would be required to disclose any exposure to digital assets, according to a proposal from the Commodity Futures Trading Commission and the Securities and Exchange Commission of the United States. The […]
New York Court fines BitMEX founders $30M in civil penalty
The three co-founders of BitMEX crypto derivatives exchange have been sentenced to pay a total of $30 million in civil monetary penalties by the United States District Court in New York. According to a statement released by the Commodity Futures Trading Commission (CFTC) on May 5, Hayes, Benjamin Delo, and Samuel Reed were each penalized […]
CFTC commissioner appoints CME Group director Bruce Fekrat as chief counsel
Kristin Johnson, one of five commissioners of the US Commodity Futures Trading Commission, or CFTC, has announced the addition of a CME Group executive director with experience in cryptocurrency to her team as chief counsel. Johnson said on Thursday that Bruce Fekrat will be her chief counsel at the CFTC beginning June 1. Fekrat spent […]