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

January 14, 2025 Coin Telegraph

Betting

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

January 14, 2025 The Daily Hodl

CFTC

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. […]

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CFTC Reportedly Subpoenas Customer Info from Coinbase Related to Polymarket Probe

January 10, 2025 The Daily Hodl

CFTC

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 […]

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

January 10, 2025 Coin Telegraph

CFTC

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

January 8, 2025 The Daily Hodl

CFTC

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 […]

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Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream Adoption

January 8, 2025 Bitcoin.com

bitcoin.com

The 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 […]

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CFTC Chair Rostin Behnam Resigns Amid Anti-Crypto Exodus

January 7, 2025 Bitcoin.com

bitcoin.com

Rostin 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 […]

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

January 7, 2025 The Daily Hodl

CFTC

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 […]

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CFTC Regulatory Case Against Gemini Ends in $5 Million Settlement

January 6, 2025 Bitcoin.com

CFTC Regulatory Case Against Gemini Ends in Million Settlement

bitcoin.com

A Bloomberg report was the first to disclose that Gemini Trust Co., a cryptocurrency exchange established by Cameron and Tyler Winklevoss, has consented to a $5 million settlement to address allegations levied by the Commodity Futures Trading Commission (CFTC). The settlement quells accusations that Gemini disseminated deceptive information to regulatory bodies. Gemini Avoids Trial in […]

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Donald Trump Considering Chamber of Digital Commerce CEO Perianne Boring for CFTC Chair: Report

December 4, 2024 The Daily Hodl

Bitcoin

President-elect Donald Trump is considering appointing Perianne Boring, chief executive of the Chamber of Digital Commerce, as Chair of the Commodity Futures Trading Commission (CFTC). According to a new report by Fox Business, anonymous sources familiar with the matter say that Trump is considering Boring to take the reins of the regulatory agency, partially due […]

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