Stellar Becomes Newest Member of CFTC’s Committee
SDF is the only organization representing a blockchain on the committee.
The US Commodity Futures Trading Commission (CFTC) is an independent federal agency that was established back in 1974 by the Commodity Futures Trading Commission Act. It regulates the commodity futures, as well as the options market. The goal is to protect investors against market manipulation, fraud, and abusive trade practices, while also promoting competitive and efficient trading.
There has been a serious debate regarding the nature of cryptocurrencies and whether or not they can be classified as commodities or securities, or even currencies, in general. Bitcoin, for example, was deemed a commodity by the CFTC back in 2015. Hence, those who operate with it would have to abide by the regulations set forth toward commodities.
In December 2019, the Chairman of the CFTC also said that Ether (ETH) is a commodity and, as such, falls within the jurisdiction of the CFTC.
Regarding other cryptocurrencies, it depends on their structure, intended use, and designation. As such, some of them may be considered securities and to fall within the department of the Securities and Exchange Commission (SEC), which posts a whole different set of rules.
SDF is the only organization representing a blockchain on the committee.
The CFTC isn’t buying Eisenberg’s argument that his attack on Mango Markets was a legal act.Â
Senator Debbie Stabenow, who received a significant donation from SBF, will vacate her post on January 2025.
The former billionaire's epic flameout and the subsequent US regulatory blitz have left his empire and image in shambles.Â
Alameda had its orders processed milliseconds faster than its rivals at FTX, giving it a substantial trading edge.Â
Jeremy Spence, better known as "Coin Signals," must pay around $2.8 million to people he conned in his crypto scheme.
After years of arguing the contrary, Rostin Benham’s position on crypto commodities now resembles that of Gary Gensler.
A committee will ask the CFTC's Chairman whether the regulator could have taken actions to prevent the FTX collapse.
The SEC and CFTC are stepping in to examine FTX’s management of client funds, and its relationship with its sibling
The CFTC chairman still believes Bitcoin and Ether qualify as commodities, not securities.Â