Crypto And Fiat Currency Exchange Banned By CFTC From Taking Bets On US Elect...
PredictIt, a crypto and fiat currency gambling platform that enables Americans to wager on who will be elected to Congress or the next president, has been stripped of its legal power to do business in the United States. The Commodity Futures Trading Commission (CFTC) has ordered the crypto and political gambling platform to suspend operations […]
Related News
CFTC Chairman Heath Tarbert intends to leave the role early in 2021, opening the door for President-elect Joe Biden to name a new top commodities regulator.
The United States’ financial regulators are stepping up their discussions about how to regulate crypto. Discussions have been taking place between the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) staff members with the goal of improving coordination. Caroline Pham, the CFTC Commissioner, confirmed the renewed conversations, highlighting the importance of closer […]
The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According to Reuters’ two unnamed sources, Biden has finally decided on his final pick to lead the SEC, following the stepping down of Jay Clayton as chairman in December. Gensler is a well-known figure in the crypto industry,....
In a news release published today, the United States Commodity Futures Trading Commission (CFTC) announced plans to hold a meeting at its headquarters in Washington, D. C. next month to discuss Non-Deliverable Forwards (NDFs) and bitcoin. Maybe you're asking yourself, what in the world is a NDF? I, too, had the question. Here's what came up, according to the NASDAQ glossary: Agreement regarding a position in a specified currency, a specified exchange rate, and a specified future settlement date, that does not result in delivery of currencies. Rather one party in the agreement makes a....
The US Commodity Futures Trading Commission (CFTC) is taking a significant step to enhance its oversight of the expanding crypto market by adopting Nasdaq’s advanced surveillance program. CFTC To Stay Ahead Of Crypto Regulation To bolster its regulatory capabilities, the regulator announced on Wednesday that it has chosen Nasdaq to supply market surveillance and fraud […]