In the Bahamas, convicted cryptocurrency criminal Sam Bankman-Fried’s one-time penthouse is up for sale. Meanwhile, in the United States, the House of Representatives passed the Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) Wednesday (May 22), the first step in establishing a comprehensive federal framework that both ensures regulatory...
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against the entities that operate KuCoin, a centralized digital asset exchange. The agency has charged KuCoin with operating an illegal digital asset derivatives exchange and committing multiple violations of the Commodity Exchange Act (CEA) and CFTC...
You don’t know what you don’t know. And what you don’t know you can’t leverage or interact with, much less hope to regulate. That is the realization that governmental bodies and organizations around the world are coming to, at least as it relates to the...
A U.S. district court has approved a previously announced settlement and entered an order against cryptocurrency exchange Binance and its former CEO, Changpeng Zhao. The U.S. District Court for the North District of Illinois’ consent order of permanent injunction, civil monetary penalty and equitable relief against Binance and...
June 13, 2024
President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC). Goldsmith Romero has been a commissioner at the CFTC since March 2022, sponsors the CFTC’s Technology Advisory Committee, and has issued reports on artificial intelligence […]
March 26, 2024
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against the entities that operate KuCoin, a centralized digital asset exchange. The agency has charged KuCoin with operating an illegal digital...
December 18, 2023
A U.S. district court has approved a previously announced settlement and entered an order against cryptocurrency exchange Binance and its former CEO, Changpeng Zhao. The U.S. District Court for the North District of...
November 09, 2023
The Commodity Futures Trading Commission (CFTC) is reportedly working on a draft proposal to enhance regulatory defenses and protect client funds. Coming in response to last year’s collapse of crypto giant FTX,...
