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CFTC


The head of the Commodity Futures Trading Commission said during a Senate hearing on Thursday that any federal-level approach to cryptocurrency regulation should be “carefully tailored” to the risks involved. The comments by CFTC chairman J. Christopher Giancarlo, issued before the Senate Agriculture, Nutrition, and Forestry Committee, came days after he and Securities and Exchange …

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The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes. The release, published Thursday, marks the latest investor warning from the U.S. commodities and derivatives regulator. Earlier this month, the agency put out an advisory that urged caution around investing in cryptocurrency retirement accounts. Other regulators, namely the Securities and …

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The Commodity Futures Trading Commission (CFTC)’s Technology Advisory Committee met today, hosting back-to-back panels on the subject of cryptocurrencies, blockchain and regulation. The meeting brought together influential figures from both the public and private sectors, with participants primarily raising issues related to markets, the regulation of the new technologies and the role of regulators in participating …

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Blockchain technologies and cryptocurrencies will be front and center at the Commodity Futures Trading Commission’s Technology Advisory Committee meeting Wednesday, according to a newly published agenda. The meeting’s agenda, released late Monday afternoon, outlines how the first two panels will focus on blockchain and its potential applications to derivatives markets, as well as the relevant …

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David Silver is the founder of Silver Miller, a plaintiffs’ law firm that brings cases against cryptocurrency exchanges and investment offerings. The views expressed here are his alone. You can reach him at DSilver@SilverMillerLaw.com. I’m late, I’m late! For a very important date! No time to say “Hello.” Goodbye! I’m late! I’m late! I’m late! …

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During the US Securities and Exchange Commission (SEC) and Commodities and Futures Trading Commission (CFTC) senate hearing on February 6 2018, SEC chairman Jay Clayton emphasized that initial coin offerings (ICOs) will be met with tighter regulations, while true cryptocurrencies will be embraced with smart policies. Hard for ICOs At the senate hearing (as previously …

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Bitcoin and its crypto brethren received an unlikely lifeline from American trading regulators on Tuesday this week, which ended in a complete turnaround after a nasty market crash. The Commodities and Future Trading Commission and the US Securities Exchange Commission held a highly anticipated hearing on Tuesday, focused on their stance towards cryptocurrencies, initial coin …

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The SEC’s Office of Compliance Inspections and Examinations (OCIE) intends to prioritize an examination of developments in the cryptocurrency and initial coin offering markets this year. Revealed today in the agency’s annual “examination priorities” update, the OCIE said it will broach the industry under its mandate to improve compliance, monitor risk and prevent fraud in …

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“Bullish.” “A sign of relief.” These were just some of the comments that came from industry observers in the wake of a hearing held Tuesday by the U.S. Senate Committee on Banking, Housing and Urban Affairs, one that addressed the question of how domestic lawmakers should consider cryptocurrency regulation. Widely anticipated due to its positioning …

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“It’s important to remember that if there were no bitcoin, there would be no distributed ledger technology.” That was the response from Commodity Futures Trading Commission chairman J. Christopher Giancarlo when asked by Arkansas Senator Tom Cotton about the value of the technology underlying cryptocurrencies like bitcoin. In his remarks, Giancarlo described them as invariably …

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As might be expected, Tuesday’s Senate hearing on cryptocurrency regulation touched on an oft-discussed facet of digital assets: their price volatility. Appearing before the Senate Banking Committee, Securities and Exchange Commission chair Jay Clayton and Commodity Futures Trading Commission chair J. Christopher Giancarlo were asked about their views on the zigzagging prices, as well as …

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The Commodity Futures Trading Commision (CFTC) and US Securities and Exchange Commision (SEC) met the morning of February 6 2018 to discuss their roles in Blockchain, virtual currencies, and ICOs. Set in Washington D.C. at the Dirksen Senate Building, the Committee on Banking, Housing, and Urban Affairs met in open session for about 2 hours. …

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Venezuela’s controversial plan to create an oil-backed cryptocurrency saw debate and discussion at a U.S. Senate hearing Tuesday. Held by the Senate Committee on Banking, Housing and Urban Affairs, which kicked off at 10 a.m. EST, the event notably saw CFTC chairman J. Christopher Giancarlo and SEC chair Jay Clayton discuss and respond to a …

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The dedicated session involving the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) is taking place Tuesday, Feb. 6. The written testimonies of Jay Clayton and J. Christopher Giancarlo, the chairmen of the SEC and the CFTC respecitvely, have been released to the public. Cryptocurrency users have reacted calmly to the …

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The chairman of the U.S. Commodity Futures Trading Commission (CFTC) has spoken of the need for balance and a “do no harm” approach when regulating cryptocurrencies. In a written testimony presented to the Senate Banking Committee today, J. Christopher Giancarlo said that in this “new digital era” for the financial markets, cryptocurrencies have brought “paradigm …

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Congress is set to hold what may be the most consequential hearing in years on the subject of cryptocurrency, with the heads of the two main U.S. financial market regulators in the hot seat. J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, his counterpart at the Securities and Exchange Commission (SEC), …

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Consumers should be wary of cryptocurrency retirement accounts claiming to be approved by the Internal Revenue Service, the Commodity Futures Trading Commission (CFTC) has warned. In a new circular dated Feb. 2, the CFTC is calling for people to “be cautious” about such pitches, especially those claiming that the U.S. tax authority had in some way …

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The Commodity Futures Trading Commission (CFTC) is developing a “heightened review process” for cryptocurrency futures though it will continue to allow exchanges to self-certify products, Chairman J. Christopher Giancarlo announced last week. As reported by Reuters, Giancarlo introduced a checklist during a conference speech in Florida pertaining to Designated Market Contracts (DMCs) and Derivatives Clearing Organizations …

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Cryptocurrency exchange Bitfinex and Tether, the company behind the controversial USDT token, have been subpoenaed by the U.S. Commodity Futures Trading Commission, according to a new report from Bloomberg. Citing an unnamed source, Bloomberg said that the CFTC had sent queries to both companies last week. The news comes days after CoinDesk reported that Tether’s relationship …

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Two U.S. financial regulators are increasing their agencies’ commitment to bringing closer scrutiny to the country’s cryptocurrency industry. In a Wall Street Journal op-ed published yesterday, both the Securities and Exchange Commission (SEC) ands the Commodity and Futures Trading Commission (CFTC) voiced that they are devoting a significant portion of resources to monitoring the industry. And …

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