Breaking News: CFTC – Market Insights, Analysis & Latest Updates

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

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

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

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

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

CFTC

CFTC subpoenas Ben ‘BitBoy’ Armstrong’s former company in fraud investigation, asks about activity for tokens such as BEN

The CFTC is investigating suspicious crypto activities linked to 15 tokens, including BEN, promoted by Ben Armstrong, amid allegations of fraud and misconduct.

theblock.co • 02/08/2024 - 21:39 PM

SEC posts information page for investors harmed by Terraform fraud

The SEC and CFTC warn investors about Terraform Labs' settlement and increasing crypto fraud, highlighting challenges in fund recovery and the need for vigilance against online scams.

theblock.co • 30/07/2024 - 19:55 PM

Vote on Sen. Stabenow's crypto bill delayed, work may resume in September

The Senate's crypto regulation bill is delayed but may be revisited in September as lawmakers seek broader consensus and bipartisan support.

theblock.co • 29/07/2024 - 17:03 PM

Currency