CFTC

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

September 5, 2024 Bitcoin.com

bitcoin.com

The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

September 4, 2024 Bitcoin.com

bitcoin.com

The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity Exchange Act (CEA) for offering leveraged retail commodity transactions without proper registration. Uniswap Labs, the company behind a popular decentralized digital asset […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

CFTC Issues Order Against Uniswap Labs for Allegedly Offering Illegal Digital Asset Derivatives Trading

September 4, 2024 The Daily Hodl

Altcoins

The Commodity Futures Trading Commission (CFTC) is filing charges against the firm behind Uniswap (UNI), alleging that it offered illegal crypto derivatives contracts. In a new press release, the regulatory agency says it has slapped Uniswap Labs with a $175,000 civil penalty and a cease and desist letter after it was allegedly found to be […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

US Banks Paying $470,000,000 To Regulators Over Widespread Recordkeeping Failures and ‘Off-Channel’ Communication Methods

August 25, 2024 The Daily Hodl

bank

More than two dozen Wall Street firms including Bank of New York Mellon and Truist have agreed to pay a massive collective fine to US regulators. The financial companies are handing over $470 million to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to settle charges that the firms […]

The post US Banks Paying $470,000,000 To Regulators Over Widespread Recordkeeping Failures and ‘Off-Channel’ Communication Methods appeared first on The Daily Hodl.

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts

August 11, 2024 Bitcoin.com

bitcoin.com

Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In a letter to the CFTC, Humenik expressed concerns about the implications of the proposed regulation, urging the […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Winklevoss Twins Slam CFTC’s New Proposed Rule Against Event Contracts, Say Proposal To Be Struck Down by Courts

August 11, 2024 The Daily Hodl

Cameron Winklevoss

Gemini co-founders Tyler and Cameron Winklevoss are blasting the Commodity Futures Trading Commission (CFTC) for proposing a new rule against event contracts. In a new thread on the social media platform X, Tyler Winklevoss says that the regulatory body should retract its new proposed guidelines as it would deny US citizens access to event contracts, […]

The post Winklevoss Twins Slam CFTC’s New Proposed Rule Against Event Contracts, Say Proposal To Be Struck Down by Courts appeared first on The Daily Hodl.

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

US Commodities Regulator Shells Out $1,000,000 to Crypto Whistleblower Who Reported ‘Improper Trading’

August 10, 2024 The Daily Hodl

CFTC

The Commodity Futures Trading Commission (CFTC) paid a whistleblower more than $1 million for informing the regulator about “improper trading” related to the crypto market. The CFTC notes the whistleblower’s information led to an enforcement action. Ian McGinley, the regulator’s director of enforcement, says the majority of the CFTC’s whistleblower tips in the past fiscal […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts

August 9, 2024 Bitcoin.com

bitcoin.com

Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal, urging the CFTC to reconsider its stance, which the company argues could stifle innovation in the prediction markets. Coinbase Urges CFTC […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

US Court Orders Bankrupt Crypto Exchange FTX To Pay $12,700,000,000 to Former Customers and Fraud Victims

August 9, 2024 The Daily Hodl

Alameda

A US court has ordered bankrupt crypto exchange FTX to pay $12.7 billion in monetary relief to customers who suffered losses when the company collapsed in 2022. In a new statement, the Commodity Futures Trading Commission (CFTC) says the order requires FTX to pay $8.7 billion in restitution and $4 billion in disgorgement to further […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

August 8, 2024 Bitcoin.com

Alameda Research

A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered […]

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Bitcoin ‘wild’ odds see 85% chance of BTC price above $100K by New Year