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Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

In a letter addressed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has expressed her support for the implementation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures for stablecoins. Warren’s letter emphasizes the importance of adopting the full suite of AML tools requested by the Treasury Department in a November … Continue reading Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements. LedgerX has officially launched their product on July 31, as they revealed to CoinDesk that they had launched the first physically-settled Bitcoin futures contracts in the U.S, surpassing Intercontinental Exchange’s Bakkt and TD Ameritrade-backed ErisX. CEO of LedgerX, … Continue reading LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

CFTC’s New Chief Supports Blockchain Technology

The Commodity Futures and Trading Commission (CFTC) appointed a new chief who is also pro-crypto. Just as his predecessor J. Christopher Giancarlo, appears to have supported the established pro-crypto/pro-blockchain approach. In a recent interview, the newly appointed chief, Heath Tarbert gave a favorable opinion of blockchain technology. He described the blockchain technology as a promising … Continue reading CFTC’s New Chief Supports Blockchain Technology

Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations

The heads of the three major US financial regulators have issued a joint statement warning the cryptocurrency industry to adhere to banking regulations in the development of digital assets.  The joint statement was signed by Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert, Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco and Securities and Exchange … Continue reading Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz, spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.   Quintenz started by saying that one of the main values that the Commission stands by is to “first do no harm, then be technology-neutral.”   LabCFTC working with technologists, innovators, and the public  … Continue reading US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

The US Commodity Futures Trading Commission (CFTC), the derivatives regulator in the US, has collected over $1.3 billion in regulatory and administrative penalties in the fiscal year of 2019, including funds collected from cryptocurrency businesses, which ended on Sept. 30.   In the annual report released by the CFTC Division of Enforcement, the regulator stated that … Continue reading US CFTC Rounded Up Over $1.3B in Regulatory Penalties in 2019, 40% More Than the Previous Year

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The former US Commodity and Futures Trading Commission (CFTC) Chairman continues to fight for the US Dollar to become a digital global force.  Chris Giancarlo, known in the crypto community as “Crypto Dad” was one of the few in the office to issue cryptocurrency services into the American Markets. Bitcoin and other crypto futures markets … Continue reading The Digital Dollar Continues to be Pushed by Former CFTC Chair

LedgerX Co-Founders Put on Leave Following US CFTC Scrutiny

Ledger Holdings, Inc., the parent company of LedgerX, feels pressure from the United States Commodity Futures Trading Commission (CFTC) after it has been reported that LedgerX physically settled Bitcoin futures products have not been approved.  The CFTC continues to push for regulation and full approval before any crypto company wishes to offer commodities trading to … Continue reading LedgerX Co-Founders Put on Leave Following US CFTC Scrutiny

Road to a US CBDC? Ex-CFTC Chairman Released Written Remarks on Digital Dollar in Davos 2020

J. Christopher Giancarlo, the ex-chairman of the U.S. Commodity and Futures Trading Commission will touch upon his Digital Dollar Initiative and state the advantages of a United States’ Central Bank Digital Currency (CBDC) at the World Economic Forum in Davos. In the past, the creators of the initiative broadcasted details about the project in two … Continue reading Road to a US CBDC? Ex-CFTC Chairman Released Written Remarks on Digital Dollar in Davos 2020

CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.   According to the CFTC’s announcement, the derivatives regulator aims to engage with innovators in the industry during the New York FinTech Week, to be held end of March and early April. The office hours will enable interested innovators to be … Continue reading CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours

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