CFTC

This story has been updated with comment from Binance.  Binance Holdings Ltd., the leading global digital currency exchange, along with its CEO Changpeng Zhao, is facing a lawsuit Monday from the U.S. Commodity Futures Trading Commission that accuses the company of violating...

FTX (CRYPTO: FTT) founder Sam Bankman-Fried filed a motion Wednesday requesting that Relm Insurance and Beazley Insurance prioritize reimbursing his legal fees and advance future costs. in accordance with their policy conditions. Directors' and officers' (D&O) insurance policies...

The cryptocurrency industry voiced its frustration with regulators' inability to provide a suitable regulatory framework for the emerging asset class at the International Futures Industry Association conference, March 13-16. Recent enforcement actions by regulators, including the...

New York Attorney General Letitia James filed a lawsuit Thursday against KuCoin, a virtual currency trading platform, for allegedly operating without proper licensure and registration as a securities and commodities broker-dealer. The lawsuit argues that Ether (CRYPTO: ETH), one of the largest...

The U.S. Commodity Futures Trading Commission (CFTC) charged the self-proclaimed digital artist Avraham Eisenberg on Jan. 9 with two counts of market manipulation in relation to an exploit on the decentralized finance platform Mango Markets. Eisenberg was charged on a related...

Banks registered in New York State must request regulatory approval 90 days prior to engaging in crypto assets, even if it is through a third party, according to the New York Department of Financial Services. According to the guidance released on Thursday, banks will be required to provide the...

A lawsuit filed by the Commodities Futures Trading Commission (CFTC) alleges that former FTX CEO Sam Bankman-Fried instructed FTX executives to transfer Alameda Research's sizable obligations to the exchange to a Korean account in order to conceal its liability with the company. The CFTC, the...

  Crypto and Web3 venture firm a16z has appointed former CFTC commissioner Brian Quintenz as the company’s new head of policy a year after hiring him as senior advisor for its crypto team. Quintenz was nominated by both Presidents Barack Obama and Donald Trump and unanimously confirmed...

Sam Bankman-Fried, the CEO of the beleaguered FTX cryptocurrency exchange, wanted regulators to let retail investors trade cryptocurrency derivatives with borrowed funds, according to the head of a U.S. regulatory agency. What Happened: Rostin Behnam, chair of the Commodity Futures...

U.S. financial regulators are reportedly looking into whether troubled cryptocurrency exchange FTX appropriately handled customer cash and its connections to other units of Sam Bankman-Fried's crypto businesses.   The news comes on the heels of a report that FTX's ...

Keading cryptocurrencies are not the only investments that are down in 2022, according to FTX CEO and co-founder Sam Bankman-Fried. “Everything’s down this year because dollars are up this year,” Bankman-Fried told SkyBridge Capital founder Anthony Scaramucci at the SALT...

Billionaire investor Mark Cuban has got opinions, with one purchasing digital currencies with genuine utility value, claiming that the price of tokens is the least significant and the least interesting component of cryptocurrencies. He also stated in an interview with Benzinga that regulation...

The U.S. commodities watchdog, Commodity Futures Trading Commission (CFTC), has charged South Africa-based Bitcoin (CRYPTO: BTC) operator Mirror Trading International (MTI) and Cornelius Johannes Steynberg for $1.7 billion of fraud and registration violations. According to CFTC, MTI accepted...

The U.S. Commodity Futures Trading Commission (CFTC) is suing cryptocurrency exchange Gemini, owned by Cameron and Tyler Winklevoss, for “making false or misleading statements” to the regulator in 2017. What Happened: According to a release from the regulator on Thursday, Gemini made...

The U.S. Commodity and Futures Trading Commission (CFTC) has imposed a $1.25 million fine on U.S.-based crypto exchange Kraken. What Happened: In a statement issued earlier this week, the CFTC alleged that Kraken had illegally offered margined retail commodity transactions in digital assets,...