Ex-CFTC Commissioner Deems SEC’s Ethereum Approach “Illegal”
Former CFTC commissioner Brian Quintenz condemned the SEC’s conduct as “illegal” regarding Ethereum. Brian Quintenz, a former commissioner of the Commodity Futures Trading Commission (CFTC), has faulted the Securities and Exchange Commission’s (SEC) position on Ethereum (ETH). He characterized the SEC’s stance on ETH as “illegal” and raised concerns regarding the possibility of regulatory ambiguity. Former CFTC Commissioner […]
CFTC Chair Calls for Congress Action on Crypto Regulation
CFTC Chair calls on Congress to enact crypto regulation to protect investors and stabilize the financial industry as digital asset values rise. Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), highlighted the imperative nature of legislative action to regulate the rapidly expanding cryptocurrency industry during a recent address to lawmakers. In addition, […]
US DOJ Announce $4.3B Settlement with Binance
United States Department of Justice representatives declared that Changpeng “CZ” Zhao, the CEO of Binance, will enter a guilty plea to a single felony charge following a $4.3B settlement involving the exchange and various criminal and civil cases. During a press conference on November 21, Attorney General Merrick Garland declared that CZ submitted his plea […]
Opyn Co-founder Steps Down Amid CFTC Regulatory Charges
Opyn, a DeFi option protocol, underwent a significant leadership transition following the resignation of CEO and co-founder Zubin Koticha. In response to regulatory action, Zubin Koticha, co-founder of Opyn, a decentralized finance (DeFi) option protocol company, has declared his intention to resign as chief executive officer (CEO). On November 14, Koticha announced his decision to […]
CFTC Reveals Digital Asset Enforcement Result for 2023
The United States Commodity Futures Trading Commission (CFTC) has unveiled the enforcement results for fiscal year (FY) 2023, in which about 50% of the cases brought to its attention in 2023 involved crypto. The report underscores a significant increase in digital asset cases, measures taken to enforce regulatory responsibilities on registrants, instances of manipulation and […]