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Tag Archives: CFTC

CFTC Is Four Years Behind on Crypto Regulation, Chairman Admits

The US Commodity Futures Trading Commission is at least four years behind its peers on crypto regulation, its chairman admitted on July 25. Speaking to the House Committee on Agriculture, Christopher Giancarlo stated that the current regulatory framework restricts it from taking a proactive role in the crypto industry and instead relegates it to dealing with cases of fraud only ...

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CFTC Does Not Regulate Retail Crypto Markets: Chairman Chris Giancarlo

The United States Commodity Futures Trading Commission (CFTC) Commissioner J. Christopher Giancarlo has stated that the agency’s primary remit is not to exercise regulatory jurisdiction over cryptocurrency trading markets and other cash markets, but to deal with fraud and compliance in large futures markets. He made this comment while responding to a question from Rep. Alma Adams (D-NC) during a ...

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Operators of Fraudulent Bitcoin Firm Fined $1.9M by CFTC

Various firms related to Bitcoin and other cryptocurrencies have no honest intentions. This problem has plagued the industry for quite some time now. The CFTC recently scored a big victory in this regard, as The Entrepreneurs Headquarters Limited was forced to pay $1.9 million for its fraudulent Bitcoin and binary options offerings. CFTC Continues to Crack Down Despite the appeal ...

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CFTC Demands Almost $2 Million from Illegal Bitcoin Pool Operator

In a case that has been developing over the past few months, the U.S. Commodity Futures Trading Commission (CFTC) has taken another step in its actions against Dillon Michael Dean and his U.K.-registered company The Entrepreneurs Headquarters Limited (TEH). Dean, of Longmont, Colorado, who used Bitcoin to funnel his ill-gained profits, is charged with commodity pool operator (CPO) fraud, options fraud, and ...

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CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC website on Tuesday, is the fourth ...

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CFTC Warns ICO Speculators About Misleading Utility Tokens

Regulatory changes in the United States have put a spotlight on ICO tokens. On the one hand, there are the securities tokens, which need to be avoided. Utility tokens are a gray area for the time being. The CFTC has issued an official warning regarding utility tokens, as not all of these offerings may technically fall into that category. CFTC ...

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What Do We Know About the CFTC Price Manipulation Probe

On June 8, it was reported that the U.S. Commodity Futures Trading Commission (CFTC) demanded extensive trading data from several cryptocurrency exchanges in order to investigate whether there has been price manipulation in the crypto market. Earlier, on May 24, Bloomberg reported that a criminal probe into Bitcoin (BTC) and Ethereum (ETH) price manipulation by crypto traders had been opened ...

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US CFTC Court Case Could Affect Its Authority on Crypto – Crypto Currency News

The U.S. Commodity Futures Trading Commission (CFTC) has entered into a court case that could determine if it has the authority to regulate cryptocurrencies. Reuters reported on Wednesday that the CFTC had sued Randall Crater’s tech company and the cryptocurrency My Big Coin in January. Allegedly, Crater and his company “perpetrated a $6 million [USD] fraud on people who wanted to buy My ...

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‘My Big Coin’ in Court This Week as CFTC Tries to Combat Crypto Fraud

The case against embattled cryptocurrency startup My Big Coin is being watched closely by industry insiders, as it will help determine whether or not the U.S. Commodity Futures Trading Commission has the authority to combat potential fraud associated with the coin and others.  Jurisdiction of U.S. Regulators In line with increased attempts this year by U.S. regulators to pursue potentially ...

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