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The Commodity Futures Trading Commission (CFTC) has charged 14 trading platforms that claim to offer crypto-related investments but have either failed to register with the CFTC or falsely claimed to…
The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade.
According to a CFTC statement on Sept. 28, Kraken allowed U.S. customers to access products that were supposed to be prohibited for them. The order requires Kraken to pay a…
“Margined, leveraged or financed digital asset trading offered to retail U.S. customers must occur on properly registered and regulated exchanges in accordance with all applicable laws and regulations,” said Vincent…
The commissioner has said the CFTC’s enforcement actions in the crypto space have been “aggressive," and hinted that decentralized finance platforms were likely illegal under the Commodity Exchange Act.
"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets.
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea.
The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise?