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Join the Securities Litigation and Enforcement Group on LinkedInBitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin. “Growth might occur if we have a well-regulated space,” Behnam told attendees during a fireside chat at NYU School of Law. “Bitcoin might double in […]
CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators
Rostin Behnam, the head of the U.S. Commodity Futures Trading Commission, said he has already directed his agency to begin preparing to be the major, fully funded regulator for much of the crypto market, as anticipated in Senate legislation. “The volatility in the market, and its impact on retail customers – which may only worsen […]
FTX.US Derivatives Deepens Board With Addition of Ex-CFTC Commissioner
Futures exchange FTX.US Derivatives said Thursday that former CFTC Commissioner Jill Sommers has joined its board in a move to help bolster the firm’s regulatory efforts. Sommers served two terms at the CFTC, with the second term being a five-year stint beginning in 2009 when she was nominated by former President Barack Obama. Sommers also […]
Former CFTC Chair: Here’s How SEC and CFTC Can Work Together to Regulate Crypto
Former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad said current gaps in crypto regulation can be filled if the Securities and Exchange Commission (SEC) and the CFTC come together to form a self-regulatory organization (SRO). Massad, now a research fellow at Harvard University’s School of Government, told CoinDesk TV on Monday that as it […]
Senate Plan Would Put Bitcoin, Ether Under Commodity Regulator’s Watch – WSJ
Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps. Senate Agriculture Committee Chairwoman Debbie Stabenow (D., Mich.) and top-ranking Republican John Boozman of Arkansas, are planning to introduce a bill Wednesday […]
CFTC Commissioner Christy Goldsmith Romero Announces Joseph R. Cisewski as Chief of Staff and Senior Counsel | CFTC
Commodity Futures Trading Commission (CFTC) Commissioner Goldsmith Romero announced today that Joseph R. Cisewski will serve as her Chief of Staff and Senior Counsel. *** Prior to joining Commissioner Goldsmith Romero’s office, Joe spent approximately 14 years in public service and public interest roles, including in legal roles at the CFTC and Securities and Exchange […]
‘I Don’t Believe in Any Kind of “Gotcha” Regulation,’ CFTC Commissioner Says on SEC Insider Trading Case
Commodity Futures Trading Commission (CFTC) member Caroline D. Pham told CoinDesk TV Wednesday her agency should have had “a seat at the table” before the Securities and Exchange Commission brought insider trading allegations against a former manager at crypto exchange Coinbase (COIN). Pham, who was sworn in as a commissioner in April, said the CFTC […]
SEC chair urges ‘one rule book’ for crypto to avoid gaps in oversight | Financial Times
Gensler said he was working on a “memorandum of understanding” with the CFTC, which he headed from 2009 to 2013. The SEC has jurisdiction over platforms listing tokens that are deemed securities. If a token that represents a commodity is listed on a platform overseen by the SEC, the securities regulator would “send that information […]
Crypto booster Sen. Lummis says she agrees with SEC Chair Gensler that most digital assets are securities – MarketWatch
U.S. Securities and Exchange Chairman Gary Gensler has won the ire of many in the crypto community by arguing that the vast majority of digital tokens are securities and that their issuers are violating the law by not registering with the agency. Republican Sen. Cynthia Lummis of Wyoming said Tuesday “I agree with him” on […]
CFTC Chief Heaps Praise on Bill That Boosts Agency’s Crypto Reach
Lummis (R-Wyo.) and Gillibrand (D-N.Y.), also speaking at the Washington event, were quick to point out that the Securities and Exchange Commission – which has been perceived by the cryptocurrency industry as being more adversarial than the CFTC – is also given a major role and a new system of disclosures. “The SEC has an […]