CFTC

French Court Moves the BTC Chess Piece — How Will Regulators Respond?

The Commercial Court of Nanterre’s Feb. 26 ruling that Bitcoin (BTC) is a fungible, intangible asset sent some ripples through the French crypto community, and beyond. This may seem surprising, given that this was a lower court decision and, moreover, one that did not declare BTC a currency or fiat money — as some news …

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US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine

</header> <strong>A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said.</strong> Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After …

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CFTC Holds A Meeting to Learn All About Stablecoins

American financial regulators have sat down with major stablecoin projects in an effort to better understand the industry. The Commodity Futures Trading Commission’s Technology Advisory Committee held a public meeting on Feb. 26 to learn about stablecoins, cryptocurrency insurance, custody practices and cybersecurity. Three stablecoin projects: JPM Coin, MarkerDao and Paxo were in attendance, discussing …

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

</header> <strong>A court case that has the future of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener noreferrer”>XRP</a> at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with …

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CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft

The U.S. Commodity Futures Trading Commission (CFTC) is suing an alleged Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went to personal uses. According to a press release, Breonna Clark, otherwise known as Eliot Clark or Alexander Pak, and his firm Venture Capital Investments Ltd. …

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CFTC’s Fintech Research Unit to Hold Office Hours for Innovators

The United States Commodity Futures Trading Commission’s fintech lab will host office hours during New York Fintech Week. In April, the CFTC’s fintech research unit, LabCFTC, will host office hours during New York Fintech Week to engage with innovators in the field, according to a recently published announcement. LabCFTC’s objective is to promote market-enhancing fintech …

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LabCFTC Wants to Meet FinTech Startups in New York

LabCFTC, the U.S. Commodity Futures Trading Commission’s (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects. The CFTC announced Tuesday that participants can register for the office hours by emailing [email protected] (email subject line should say “NYC Office Hours”) “Office …

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US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors

The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer “extraordinary profits” from a cryptocurrency trading scheme. The SEC alleged in …

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When Will We See the Digital Dollar? ‘Crypto Dad’ Says Soon

Former CFTC Chairman Chris Giancarlo aka “CryptoDad” sees the current set of financial systems – the older systems associated with the pre-digital age – as hopelessly obsolete. He aims to fix them. “During my five years at the commission we saw this sort of new wave of the digitization of our world that’s taking place,” …

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2019’s Top 10 Institutional Actors in Crypto

Slowly but surely, institutional players are moving into the crypto/blockchain neighborhood. According to a 2019 Fidelity Investments survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the past three years. Moreover, 4 in 10 respondents say they are open to future investments in digital …

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