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Trump Names Caroline Pham as CFTC Acting Chair Amid Sweeping Leadership Shake-Up

Trump Names Caroline Pham as CFTC Acting Chair Amid Sweeping Leadership Shake-UpPresident Donald Trump has designated Commissioner Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC), heralding a pivotal shift in the leadership of the regulatory institution tasked with overseeing derivatives markets and digital assets. Caroline Pham Sworn in as CFTC Acting Chair Caroline Pham, a Republican commissioner appointed under former President […]

Ecosystem health is the missing link to blockchain’s long-term success

$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal

.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud ScandalA crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […]

Ecosystem health is the missing link to blockchain’s long-term success

CFTC mulling probe of Crypto.com over Super Bowl contracts: Report

The CFTC is considering probes on sports betting event contracts offered by Crypto.com weeks out from the popular Super Bowl match, Bloomberg reports.

The US Commodity Futures Trading Commission is reportedly deliberating on whether it should look into the legality of Crypto.com’s futures contracts allowing bets on football matches, including the upcoming Super Bowl.

The five CFTC Commissioners are voting on whether to pull the contracts into a 90-day review to determine if they violate gaming laws, Bloomberg reported on Jan. 14, citing people familiar with the matter.

The agency can’t immediately stop the trading of the contracts, and any review would wrap up after the Super Bowl on Feb. 9 — but the CFTC could ban the contracts after that.

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Ecosystem health is the missing link to blockchain’s long-term success

Solana-Based DEX Mango Markets Shutting Down Following SEC and CFTC Enforcement Actions

Solana-Based DEX Mango Markets Shutting Down Following SEC and CFTC Enforcement Actions

The Solana (SOL)-based decentralized exchange (DEX) Mango Markets is shuttering after dealing with a slew of regulatory issues last year. The DEX announced its closure on Saturday, issuing proposals designed to make borrowing on the platform economically unviable. “Mango Markets will be shutting down. It is time for users to close their positions.” The U.S. […]

The post Solana-Based DEX Mango Markets Shutting Down Following SEC and CFTC Enforcement Actions appeared first on The Daily Hodl.

Ecosystem health is the missing link to blockchain’s long-term success

CFTC Reportedly Subpoenas Customer Info from Coinbase Related to Polymarket Probe

CFTC Reportedly Subpoenas Customer Info from Coinbase Related to Polymarket Probe

The Commodity Futures Trading Commission (CFTC) reportedly issued a subpoena to American crypto exchange Coinbase as part of an ongoing probe of the decentralized prediction market platform Polymarket. In a post on social media platform X, Ethereum (ETH)-focused website EthHub co-founder Eric Conner shares what appears to be a screenshot of an email from Coinbase […]

The post CFTC Reportedly Subpoenas Customer Info from Coinbase Related to Polymarket Probe appeared first on The Daily Hodl.

Ecosystem health is the missing link to blockchain’s long-term success

Pro-crypto CFTC boss, subcommittee rumored as Trump inauguration nears

New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.

The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports. 

The two reports — seen as positive developments for the crypto industry — come less than two weeks before President-elect Donald Trump’s inauguration, set for Jan. 20. 

According to a report from FOX Business on Jan. 9, following a Punchbowl News report on Jan. 8, the US Senate Banking Committee’s new chair, Republican Senator Tim Scott, has made the creation of the subcommittee a top priority and plans to replicate the House Financial Services Committee’s model, which introduced a crypto subcommittee in 2023.

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Ecosystem health is the missing link to blockchain’s long-term success

Cameron and Tyler Winklevoss’ Crypto Exchange Gemini To Pay CFTC $5,000,000 To End Regulator’s Lawsuit

Cameron and Tyler Winklevoss’ Crypto Exchange Gemini To Pay CFTC ,000,000 To End Regulator’s Lawsuit

The crypto exchange Gemini has agreed to pay the U.S. Commodity Futures Trading Commission (CFTC) a $5 million civil penalty to end the regulator’s lawsuit. The CFTC filed a complaint against Gemini back in 2022, alleging the exchange made false and incomplete statements to the agency in connection with the 2017 evaluation period of a […]

The post Cameron and Tyler Winklevoss’ Crypto Exchange Gemini To Pay CFTC $5,000,000 To End Regulator’s Lawsuit appeared first on The Daily Hodl.

Ecosystem health is the missing link to blockchain’s long-term success

Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream Adoption

Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream AdoptionThe departing CFTC Chairman Rostin Behnam is sounding the alarm on the lack of comprehensive regulation of cryptocurrencies in the U.S. Regulatory Gap The outgoing chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has lamented what he termed the insufficient regulation of cryptocurrencies in the United States. Behnam argued that the U.S. needs […]

Ecosystem health is the missing link to blockchain’s long-term success

CFTC Chair Rostin Behnam Resigns Amid Anti-Crypto Exodus

CFTC Chair Rostin Behnam Resigns Amid Anti-Crypto ExodusRostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC) announced his resignation on Tuesday, just a day after Michael Barr, Federal Reserve Board governor and vice chair for supervision, stepped down from his supervisory role. SEC Chairman Gary Gensler, who announced his resignation in November, and Barr, two key masterminds behind the infamous […]

Ecosystem health is the missing link to blockchain’s long-term success

Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit

Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit

Commodities Futures Trading Commission (CFTC) Chairman Rostin Behnam will step down on January 20, 2025, amid an unresolved lawsuit against retail betting market Kalshi, the agency announced today. Behnam’s departure comes as the commission battles Kalshi over the regulator’s ban on political betting contracts, highlighting regulatory challenges in emerging financial markets. During his tenure, Behnam […]

The post Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit appeared first on The Daily Hodl.

Ecosystem health is the missing link to blockchain’s long-term success