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 ...
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...
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.
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.
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...
The US Commodity Futures Trading Commission (CFTC): For the week ended December 31, COMEX gold futures speculative net longs fell by 1,876 contracts to 182,384 contracts.
Commodity Futures Trading Commission (CFTC): For the week ended December 24, COMEX gold speculators' net long position decreased by 19,678 contracts to 184,260 contracts.
Chris Giancarlo, the former chairperson of the US Commodity Futures Trading Commission (CFTC), has pushed for the legalization of bitcoin futures and has been hailed by the industry as the "father of crypto." Giancarlo has repeatedly stated publicly that the CFTC is ideal for regulating crypto markets, especially in the context of bitcoin and ethereum being treated as commodities. The Trump administration's plan is in line with Giancarlo's claims, providing policy support for the CFTC to play a ...
Commodity Futures Trading Commission (CFTC): Data show that COMEX gold speculators' net long position increased by 7,866 contracts to 198,191 contracts in the week ended November 26.
The US Commodity Futures Trading Commission (CFTC) has approved the use of blockchain technology to manage trading collateral in the US derivatives market, according to a report released on November 21 by its Global Markets Advisory Committee. Blockchain technology, including distributed ledgers and tokenization, can solve long-standing challenges for traditional derivatives exchanges and expand the variety of assets available for collateral trading, the report said.
Former US Commodity Futures Trading Commission (CFTC) chairperson Chris Giancarlo clarified in a post on the X platform that he is not running for the next Securities Exchange Commission (SEC) chairperson. He said that when he became the chairperson of the US Commodity Futures Trading Commission, he had cleaned up a lot of the "mess" of the current Securities Exchange Commission chairperson Gary Gensler, and now he does not want to do it again.
On October 29th, Kalshi, a prediction market regulated by the US Commodity Futures Trading Commission (CFTC), announced that it has partnered with stablecoin infrastructure platform Zero Hash and is using Zero Hash's "Account Funding" solution, which allows investors to deposit USDC into their Kalshi account but receive fiat currency settlement. Kalshi will launch the product in approximately 10 days.
U.S. Commodity Futures Trading Commission (CFTC): For the week ended October 22, net speculative long positions in WTI crude oil futures decreased by 16,086 contracts to 65,464 contracts.
The US Commodity Futures Trading Commission (CFTC): For the week ended October 22, COMEX gold futures speculative net long positions increased by 6,806 contracts to 242,089 contracts.
Rostin Behnam, chairperson of the US Commodity Futures Trading Commission (CFTC), told SIFMA's annual meeting that Congress is not expected to act on cryptocurrency legislation in 2024. He called on Congress to focus on crypto asset regulation and election betting, stressing the importance of these areas. Behnam pointed out that while the FIT21 bill has passed the House of Representatives, it has failed to make further progress in Congress. In addition, the CFTC's legal dispute with prediction m...