Senator Stabenow Who Designed ‘SBF Crypto Bill’ Will not Seek Re-Election
Senator Debbie Stabenow, who received a significant donation from SBF, will vacate her post on January 2025.
CFTC News and Updates
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.
Recent CFTC News
A Closer Look at What Sam Bankman-Fried is Accused of Exactly
The former billionaire's epic flameout and the subsequent US regulatory blitz have left his empire and image in shambles.Â
Alameda Had a Secret Speed Advantage When Executing Trades at FTX
Alameda had its orders processed milliseconds faster than its rivals at FTX, giving it a substantial trading edge.Â
Crypto Scammer Coin Signals Ordered to Pay $2.8 Million to Victims
Jeremy Spence, better known as "Coin Signals," must pay around $2.8 million to people he conned in his crypto scheme.
CFTC Chair Changes His Mind About Ethereum Being a Commodity
After years of arguing the contrary, Rostin Benham’s position on crypto commodities now resembles that of Gary Gensler.
CFTC Chairman Rostin Behnam to Be Grilled Over FTX Crash (Report)
A committee will ask the CFTC's Chairman whether the regulator could have taken actions to prevent the FTX collapse.
US Regulators Probe FTX for Mismanagement of Client Assets: Report
The SEC and CFTC are stepping in to examine FTX’s management of client funds, and its relationship with its sibling
CFTC Chair Reiterates: Bitcoin and Ether Are CommoditiesÂ
The CFTC chairman still believes Bitcoin and Ether qualify as commodities, not securities.Â
Bankrupt Crypto Lender Celsius Hit by Federal Investigations
Operational irregularities on Celsius' part are believed to be the reason. Â
US Regulators Seek More Power From Congress to Address Crypto Regulatory Gaps
As regulators battle for a bigger pie share to oversee the crypto industry, the US Treasury highlighted the gaps that need
