News list for " Commodity Period"

Former CFTC chairperson: Bitcoin's scarcity is causing it to appreciate rapidly

According to Cointelegraph, Chris Giancarlo, a former chairperson of the US Commodity Futures Trading Commission (CFTC), said: "Bitcoin was designed to define its scarcity. You can never have more than a certain amount of bitcoin. Bitcoin is appreciating rapidly."

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2025-02-16 04:51:17
"My Big Coin" founder fined $7.60 million for cryptocurrency fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced on February 10, 2025 that the U.S. District Court for the District of Massachusetts has issued a consent order against Randall Crater (founder of "My Big Coin") in Heathrow, Florida, requiring it to pay more than $7.60 million to victims of a cryptocurrency fraud scheme. The order also prohibits Crater from trading in any CFTC-regulated market, conducting any transactions involving digital asset commodities, and registering with the ...

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2025-02-12 06:12:59
Former CFTC Chairperson Behnam has left, and Trump has not yet named a successor

On February 8th, according to Cointelegraph, the former chairperson of the US Commodity Futures Trading Commission (CFTC), Rostin Behnam, has officially resigned on February 7th, and President Trump has not yet nominated a successor. Behnam had announced on January 7 that he would step down as chairperson on the day of Trump's inauguration, and Caroline Pham was subsequently elected as acting chairperson. At present, the five-member committee is divided between Republicans and Democrats. While t...

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2025-02-08 13:47:52
The CFTC will host a crypto CEO forum to explore a pilot program for the digital asset market

According to Fox Business reporter Eleanor Terrett, the U.S. Commodity Futures Trading Commission (CFTC) is planning to host a CEO forum to discuss the CFTC's Digital Asset Market Pilot Program for tokenized non-cash collateral, such as stablecoins. Participants included leaders from Circle, Coinbase, Crypto.com with Ripple, the crypto pilot program, and the concept of scaling non-cash collateral through distributed ledger technology proposed by current acting CFTC chair Caroline Pham.

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2025-02-08 01:31:05
The acting chairperson of the CFTC has attacked the resistance of the prediction market under the previous leadership

Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), said the commission has gone too far in its fight against prediction markets and that overturning its rules, orders and court arguments would take a lot of energy. Pam, who was appointed by President Donald Trump to run the Commodity Futures Trading Commission (CFTC), has been moving quickly to overturn the policy positions of the previous Democratic leadership of the derivatives regulator. The CFTC will soon sc...

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2025-02-06 07:23:37
Acting CFTC Chairperson: Law enforcement has been restructured to refocus on fighting fraud

Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), said the regulator had restructured its enforcement arm to "refocus" on fighting fraud and "stop policing through enforcement," CoinDesk reported.

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2025-02-05 09:34:31
The total weight of gold bars to be delivered will be 30 million ounces, which will be the second largest delivery volume on the New York Commodity Futures Exchange since records began in 1994. Click to view...

The total weight of gold bars to be delivered will be 30 million ounces, which will be the second largest delivery volume on the New York Commodity Futures Exchange since records began in 1994. Click to view...

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2025-02-03 11:06:03
Gemini fined $5 million for providing false or misleading information to CFTC

The Federal District Court for the Southern District of New York issued a consent order against Gemini Trust Company LLC for providing false or misleading information in violation of the Commodity Exchange Act (CEA). Gemini was ordered to pay a $5 million civil penalty and is subject to a permanent injunction. The case involves that between July and December 2017, Gemini submitted false or undisclosed key information to the CFTC to support the self-certification of bitcoin futures contracts, inc...

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2025-01-15 12:53:39
Crypto exchange Mosaic and its CEO sentenced to pay nearly $1.20 million to CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has announced a default judgment in the case of Mosaic Exchange Ltd. and its owner and CEO, Sean Michael. The CFTC launched an enforcement action alleging the existence of a fraudulent digital asset commodity scheme. The order is based on a lawsuit filed by the CFTC on September 26, 2023, and the default judgment holds Mosaic and Michael responsible for all violations of CFTC regulations alleged in the lawsuit, including fraudulently solicitin...

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2025-01-14 10:12:08
U.S. Commodity Futures Trading Commission (CFTC): For the week ended January 7, WTI crude oil speculators increased their net long position by 47,503 contracts to 207,153 contracts.

U.S. Commodity Futures Trading Commission (CFTC): For the week ended January 7, WTI crude oil speculators increased their net long position by 47,503 contracts to 207,153 contracts.

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2025-01-14 04:31:31
The US Commodity Futures Trading Commission (CFTC): For the week ended January 7, COMEX gold speculators' net long position increased by 12,116 contracts to 194,499 contracts.

The US Commodity Futures Trading Commission (CFTC): For the week ended January 7, COMEX gold speculators' net long position increased by 12,116 contracts to 194,499 contracts.

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2025-01-14 04:32:08
CFTC Enforcement Director Ian McGinley to Leave

Ian McGinley, director of enforcement at the US Commodity Futures Trading Commission (CFTC), announced his departure on January 17. He joined the agency in February 2023 and has led enforcement actions against Binance, KuCoin, Falcon Labs and others. In a statement announcing his departure on January 17, Ian McGinley said "making the CFTC the premier enforcement agency for digital asset enforcement" was a top priority of his tenure.

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2025-01-11 07:12:05
CFTC Chairperson: Crypto Legislation Takes Time, Acting Chairperson Will Play a Role in Future Regulatory Shifts

The outgoing chairperson of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has renewed his call for Congress to fill the crypto regulatory void. He said he would continue to advocate for the CFTC to move forward even if he no longer serves as chairperson. When the Wall Street Journal's...

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2025-01-09 14:28:47
The CFTC chairperson focused on cryptocurrencies in his speech before leaving office, emphasizing the need for the CFTC to serve as its regulator

Rostin Behnam, chairperson of the US Commodity Futures Trading Commission (CFTC), will step down as chairperson on January 20 to make way for future appointees to President-elect Donald Trump. In his final public speech at the Brookings Institution this week, he devoted much of his talk to cryptocurrencies and the need to elevate the CFTC as its regulator. Rostin Behnam watch...

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2025-01-09 06:28:46
CFTC chairperson warns of'void 'in cryptocurrency and political betting regulation

According to the Financial Times, the US Commodity Futures Trading Commission (CFTC) has warned of a regulatory "void" for cryptocurrencies and called for greater scrutiny of the political betting market. CFTC Chairperson Rostin Behnam said he will step down on January 20, the day of Trump's inauguration. Behn...

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2025-01-07 18:23:57