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2024 ELECTIONS CFTC CONGRESS

CFTC Chair Behnam warns of election betting risks, says agency is keeping an eye on offshore prediction markets

Putting the CFTC in the role of overseeing election contracts could have negative impacts, CFTC Chair Rostin Behnam said during an event at Georgetown University. Behnam said the agency was “observing any activity that’s occurring offshore that is providing exposure to U.S. customers.”

theblock.co • 17/09/2024 - 18:05 PM

CFTC

CFTC files emergency motion seeking to stop Kalshi listing election prediction contracts

Kalshi celebrates a judge's ruling allowing election prediction contracts, while the CFTC seeks an emergency stay pending appeal due to concerns about election integrity.

theblock.co • 07/09/2024 - 19:29 PM

BITCOIN CFTC DEXS LENDING MINING COMPANIES POLYGON PROTOCOLS SEC UNISWAP

The Daily: Bitcoin's four-year cycle is 'dead,' CFTC charges Uniswap Labs, Mark Karpeles to launch new 'transparent' crypto exchange and more

Outlier Ventures said the four-year cycle is dead after bitcoin’s “worst price performance following any halving to date.” Uniswap Labs settled with the U.S. Commodity Futures Trading Commission for $175,000 on charges related to derivatives trading. Former Mt. Gox CEO Mark Karpeles’ new crypto exchange is set to launch this month with a focus on “transparency.” The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 04/09/2024 - 17:46 PM

CFTC

TD Cowen urges realistic expectations for crypto legislation passage

TD Cowen warns of political gridlock affecting crypto legislation, urging realistic expectations for FIT21 and Senate bills due to potential delays and political contributions.

theblock.co • 26/08/2024 - 17:28 PM

2024 ELECTIONS CFTC SEC SENATE AGRICULTURE COMMITTEE SENATE BANKING COMMITTEE

Republican Sen. Tim Scott floats creating digital asset-focused panel if he chairs Senate Banking Committee

Sen. Tim Scott proposes a Senate subcommittee on digital assets, aiming to expedite crypto legislation despite challenges from Democratic senators.

theblock.co • 22/08/2024 - 00:11 AM

CFTC

Crypto.com, Gemini join Coinbase in opposing CFTC proposal that could ban prediction markets

A proposed rule change by the U.S. Commodity Futures Trading Commission that could threaten prediction markets such as the rapidly-growing Polymarket in the U.S. has been met with opposition from companies including Gemini, Crypto.com, Robinhood, and Coinbase, and notable individuals such as influential blogger Scott Alexander.

theblock.co • 10/08/2024 - 23:22 PM

CFTC COINBASE

Coinbase hits back at CFTC proposal that would 'ban many prediction contracts without good reason'

Coinbase opposes CFTC's proposal to ban event contracts, arguing it overly restricts prediction markets and undermines fair regulatory practices amidst rising popularity in event betting.

theblock.co • 09/08/2024 - 11:49 AM

CFTC COURT HEARINGS CRIME FTX LAWSUITS

Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end

Judge P. Kevin Castel approved a $12.7 billion settlement for FTX and Alameda, ending a CFTC lawsuit and mandating restitution while prohibiting future trading activities.

theblock.co • 08/08/2024 - 11:00 AM

2024 ELECTIONS CFTC SEC TREASURY DEPARTMENT

In letter to Biden and Harris, crypto coalition calls for clearer rules and warns of risks

Over 50 crypto firms urge U.S. leaders to create clear regulations to protect consumers and encourage innovation, while engaging with the industry during the election season.

theblock.co • 07/08/2024 - 15:42 PM

CFTC CONGRESS

Sen. Warren and other Democrats press CFTC to 'promptly' finalize banning of political event contracts

Democratic lawmakers, led by Sen. Elizabeth Warren, urge the CFTC to ban event contracts for betting on political outcomes, citing threats to democracy and public trust.

theblock.co • 05/08/2024 - 17:16 PM

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