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Rostin Behnam

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

Binance Sued by CFTC for Alleged Violations of Trading and Derivatives RulesThe 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, […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman

CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC ChairmanThe 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 […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

CFTC Chair Declares Ethereum (ETH) a Commodity, Regardless of Gary Gensler’s Bitcoin-Only Stance

CFTC Chair Declares Ethereum (ETH) a Commodity, Regardless of Gary Gensler’s Bitcoin-Only Stance

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 […]

The post CFTC Chair Declares Ethereum (ETH) a Commodity, Regardless of Gary Gensler’s Bitcoin-Only Stance appeared first on The Daily Hodl.

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman

Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman

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 […]

The post Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman appeared first on The Daily Hodl.

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure

Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will EndureAccording 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 […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse

US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX CollapseAccording 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 […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed

US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX CollapsedThe 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 […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

CFTC Chair Leaves Ethereum Hanging, Says Only Bitcoin Is a Commodity: Report

CFTC Chair Leaves Ethereum Hanging, Says Only Bitcoin Is a Commodity: Report

The Chair of the Commodities Futures Trading Commission (CFTC) is reportedly saying that only one crypto asset on the market counts as a commodity. According to a new report by Fortune, CFTC Chair Rostin Behnam says that Bitcoin (BTC), the leading digital asset by market cap, is the only virtual currency that can be considered […]

The post CFTC Chair Leaves Ethereum Hanging, Says Only Bitcoin Is a Commodity: Report appeared first on The Daily Hodl.

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are CommoditiesThe Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise and believes that “Many digital assets constitute commodities.” Meanwhile, SEC Chairman Gary Gensler has […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

CFTC Chairman Confirms Bitcoin, Ether Are Commodities

CFTC Chairman Confirms Bitcoin, Ether Are CommoditiesThe chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.” Bitcoin and Ether […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System