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 […]
FTX US welcomes a former CFTC Commissioner
Today, FTX US, Sam Bankman-exchange Fried’s empire’s American affiliate, announced the hiring of Mark Wetjen as head of policy and regulatory strategy. Wetjen is a valuable addition to the developing organization, having served as a commissioner of the Commodity Futures Trading Comm ission (CFTC) from 2011 to 2016. When then-chair Gary Gensler (who is now […]