The Commodity Futures Trading Commission is investigating the Chicago-based trading firm Jump’s involvement in crypto, including inquiries into its trading and investing activity, according to a person familiar with the matter. The probe, which is not evidence of wrongdoing, comes after a turbulent three years for Jump. The company is known for its expertise in
The former Chair of the Commodity Futures Trading Commission (CFTC) reportedly says that Senator Elizabeth Warren and her anti-crypto agenda are losing their battle. In a new interview with Forbes, former CFTC Chairman Christopher Giancarlo reveals that he’s bullish on the future of digital assets and says that the anti-crypto wing is a “shrinking iceberg.”
There is no doubt that the bipartisan passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) by the House is a monumental development for the U.S. crypto industry, bringing much-needed regulatory clarity within sight. However, despite its good intentions, FIT21 is fundamentally flawed from a market structure perspective and introduces issues
A bill said to provide consumer protections and regulatory certainty around digital assets was passed by the U.S. House of Representatives on Wednesday (May 22). The Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) was approved with broad, bipartisan support, the House Financial Services Committee (HFSC) said in a Wednesday press release. The bill passed by a vote
Commodity Futures Trading Commission (CFTC) officials are weighing whether to ban the use of derivatives to bet on the outcome of the US election. Derivatives are investments based on the value of an underlying security, group of assets, or benchmark, which can include stocks, bonds, commodities, index funds, and cryptocurrencies. CFTC Chairman Rostin Behnam sits
The Commodity Futures Trading Commission charged digital asset platform Debiex with fraud after the agency said it used a romance scam tactic known as “pig butchering” to take $2.3 million from investors. The CFTC charged Debiex and Zhāng Chéng Yáng, who the agency says might have acted as a so-called “money mule” for the platform.