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Nalezeno "CFTC": 1479

Binance Denies Reuters Report That It Commingled Customer Funds

23.5.2023
Binance is pushing back against a Reuters report that said the world’s largest cryptocurrency exchange commingled customer funds with company revenue in 2020 and 2021. Binance Chief Communications Officer Patrick Hillmann called the story “weak,” in a five paragraph tweet on Tuesday.... Read...

Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’

23.5.2023
A mainstream report citing multiple insiders claimed that Binance mingled customer's funds with corporate funds at Silvergate Bank

US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest

19.5.2023
Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam.... Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges...

Bitcoin Has a Problem in the US Says Prominent Hedge Fund Manager Paul Tudor Jones

16.5.2023
American billionaire hedge fund manager Paul Tudor Jones said bitcoin has a “real problem” due to unfriendly regulation in the US, in a recent interview with CNBC. “Bitcoin has a real problem because in the United States, you have an entire regulatory apparatus against it,” Jones said. Appearing...

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

13.5.2023
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee...

Crypto Leaders Turn to the UAE As Frustration Grows With US Regulators

12.5.2023
Some cryptocurrency leaders are turning to the United Arab Emirates as others are showing irritation with US regulators. Saqr Ereiqat, co-founder of venture-building firm Crypto Oasis, told CoinTelegraph that the UAE checks all the boxes in terms of countries’ “regulatory infrastructure, digital...

Binance.US seeking to cut Changpeng Zhao's majority stake: Report

12.5.2023
Changpeng Zhao is the crypto exchange's founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance

Binance.US Explores Ways to Decrease CZ's Dominant Share: The Information

12.5.2023
Since the summer of 2022, Zhao has been attempting to offload at least a portion of his shares, according to one individual that spoke with The Information

Joseon: Finally, Cryptocurrency Has a Safe Haven

11.5.2023
The cryptocurrency industry has faced significant regulatory challenges in recent years, with the SEC and CFTC taking action against various projects, including sending Wells notices to Coinbase. Amidst this regulatory landscape, the concept of sovereignty and international law has become...

US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

10.5.2023
With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice

Crypto Self-Regulatory Organization Plan Floated in US House Hearing

10.5.2023
US lawmakers drifted the idea of regulating cryptocurrency through a self-regulatory organization putting both the Securities and Exchange Commission and the Commodity Futures Trading Commission in charge. Rep. Stephen Lynch, D-Mass., asked former CFTC Chair Timothy Massad what measures would...

SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency

9.5.2023
The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from...

Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing

9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies. The House Financial Services Subcommittee on Digital Assets, Financial...

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...

CFTC exposes the largest Bitcoin-related fraud case

1.5.2023
As per the information released by a Texas judge, the U.S. Commodity Futures Trading Commission (CFTC) has successfully unearthed the biggest-ever fraud case related to Bitcoin. According to the facts gathered, the erring party has been compelled to pay a penalty of $3.4 billion. The perpetrator...

“Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says

28.4.2023
Jason Weinstein, a partner at Steptoe, said this latest wave of crackdowns on the crypto industry is the worst he has ever seen

Largest Bitcoin Fraud Scheme Results in $3.4B Penalty in a Case Brought by CFTC

28.4.2023
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission. In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International...