CFTC

Without commenting on any of the specific allegations in the CFTC suit, a Binance spokesperson stated in part, "the complaint filed by the CFTC is unexpected and disappointing as we have been working collaboratively with the CFTC for more than two years." Jones Day Financial Markets Partner and former CFTC Division Director Josh Sterling weighs in on the latest developments.

27 mars 2023

Crypto exchange Binance and founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission (CFTC) over allegations that the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Separately, a filing with the SEC shows that MicroStrategy (MSTR) prepaid the remaining principal on its $205 million loan from failed Silvergate Bank.

27 mars 2023

The U.S. Commodity Futures Trading Commission (CFTC) sued Binance and founder Changpeng "CZ" Zhao on allegations that the crypto exchange knowingly offered unregistered crypto derivatives products in the U.S. against federal law. "The Hash" panel discusses the lawsuit and the outlook for Binance.

27 mars 2023

J. Christopher Giancarlo, Willkie Farr & Gallagher Senior Counsel and Former CFTC Chairman, reacts to recent enforcement actions from the U.S. Securities and Exchange Commission (SEC) claiming multiple cryptocurrencies are deemed securities. "It's not correct," Giancarlo said.

27 mars 2023

J. Christopher Giancarlo, Willkie Farr & Gallagher Senior Counsel and former CFTC Chairman, discusses the state of U.S. crypto regulation, as a deal has been finalized for what’s left of Silicon Valley Bank. Plus, Giancarlo's take on the future of central bank digital currencies (CBDCs), as the co-founder of the Digital Dollar Foundation.

27 mars 2023

Former CFTC Chairman J. Christopher Giancarlo discusses the outlook for CBDCs, explaining why it's "very clear that the world is advancing with central bank digital currencies." Plus, reactions to Sen. Ted Cruz (R-Texas) introducing a bill last week aimed at blocking the Fed from creating a consumer-based CBDC, similar to a new state-level measure proposed by Florida Governor Ron DeSantis. Giancarlo is also the co-founder of the Digital Dollar Foundation.

27 mars 2023

The Commodity Futures Trading Commission (CFTC) has named former White House official Carole House to chair the newly-formed tech advisory group with members that include executives from Circle, TRM Labs and Fireblocks. House joins "First Mover" to discuss her outlook for the group's approach to crypto regulation and reaction to SEC Chairman Gary Gensler suggesting again that proof-of-stake tokens are securities.

20 mars 2023

U.S. Securities and Exchange Commission Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey Test. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this means for the ongoing crypto turf war between the SEC and the CFTC over regulatory authority.

16 mars 2023

The U.S. Securities and Exchange Commission and Commodity Futures charged former FTX director of engineering Nishad Singh with fraud allegations on Tuesday, following his guilty plea to similar charges in a federal court. Separately, Grayscale says it’s preparing to argue in court next week that the SEC inappropriately treated its bitcoin exchange-traded fund bid differently than earlier decisions approving bitcoin futures-based ETFs. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).

28 févr. 2023

The U.S. Securities and Exchange Commission (SEC) sued Terraform Labs, the company behind the failed TerraUSD stablecoin, and its co-founder, Do Kwon. Former CFTC Chairman Timothy Massad reacts to the allegations, adding that the industry often complains about lack of regulatory clarity, but "you just need to have good lawyers that read the law."

17 févr. 2023