Monero (XMR), the biggest privacy-focused cryptocurrency on the market, is being delisted by Binance, the largest crypto exchange in the world. In an announcement, Binance says that after review, XMR will be included in a fresh delisting spree. XMR, which has been a favorite for those seeking blockchain anonymity since 2014, immediately dropped after the […]
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The Chair of the Commodity Futures Trading Commission (CFTC) says he is increasingly concerned about the growing accessibility of Bitcoin (BTC) and that new federal laws are needed to regulate its market. In a speech in Naples, CTFC Chair Rostin Behnam says that he’s worried the recent approval of spot market BTC exchange-traded funds (ETFs) […]
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Commodities Futures Trading Commission (CFTC) chairman Rostin Behnam says the regulator is confident in its case against Binance. In a new interview with CNBC’s Squawk Box, host Becky Quick asks Behnam what the CFTC plans to do about Binance’s alleged long list of regulatory violations. “As you know, we’re a civil enforcement agency. I think, to your point, this […]
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The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, […]
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges “if we did […]
The Chair of the Commodity Futures Trading Commission (CTFC) believes Ethereum (ETH) is a commodity, despite opinions to the contrary from SEC Chairman Gary Gensler. Speaking at the Senate’s Agricultural Hearing, CTFC Chair Rostin Behnam says that the second-largest crypto asset by market cap counts as a commodity, making it fall under the jurisdiction of […]
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The new Chairman of the Commodities Trading Futures Commission (CTFC) says that crypto assets that are not considered securities need comprehensive legislation. In a new government press release, Chair Rostin Behnam says there remains a gap in the regulation of crypto cash markets of non-security digital assets and that the CFTC is “well positioned” to […]
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According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX’s collapse. He believes that future cryptocurrency bull runs probably won’t happen. However, Moss says that bitcoin will continue to see demand as it is “solving a problem that has plagued humanity from Day […]
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of deception.” U.S. SEC Contends Former […]
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.” CFTC’s Meetings With FTX and Sam Bankman-Fried The […]