CFTC

Solana-based decentralized exchange (DEX) Mango Markets is in the midst of navigating legal challenges as it considers a $500,000 settlement with the United States Commodity Futures Trading Commission (CFTC).  The potential settlement follows a series of investigations launched after the exchange suffered a massive hack in 2022. CFTC Investigation and Settlement Proposal Mango Markets, a prominent DEX in the crypto space, is currently under investigation by the CFTC. According to a Sept. 22 legal proposal submitted to Mango DAO, the…

Uniswap (UNI) recently had to pay a fine after the CFTC accused the company behind the project, Uniswap Labs, of breaking the rules relating to leveraged and margined digital assets. With this news, investors are considering a new crypto coin as a hedge against market uncertainty. What was the effect of this accusation on UNI? And why is this new crypto coin attractive to investors? Let’s find out! CFTC Settles With Uniswap Concerning Regulatory Breach The United States Commodity Futures…

The post Kalshi Wins Big As Judge Overrules CFTC, But Agency Seeks 14-Day Block appeared first on Coinpedia Fintech News Kalshi, a platform offering futures contracts on real-world events, has scored a legal win in its ongoing battle with the U.S. Commodity Futures Trading Commission (CFTC) that blocked its plans to offer election betting contracts. This ruling opens the door for Americans to place bets on the outcome of the upcoming Congressional elections, despite the CFTC’s claims of illegal gambling.…

The post Gemini and Coinbase Clash with CFTC Over 2024 Presidential Betting Ban! appeared first on Coinpedia Fintech News Leading crypto exchange Gemini has taken the first step against CFTC. In a bold move, leading cryptocurrency exchange Gemini has urged United States regulators to withdraw a proposed regulation that threatens to ban all event contracts on decentralized prediction markets. “We highlight the adverse impact that this rule would have on prediction markets, including those used to forecast elections,” Gemini stated…

The post FTX Reaches Settlement with CFTC: Are Crypto Holders Finally Getting Their Money Back? appeared first on Coinpedia Fintech News FTX, the notorious cryptocurrency exchange that collapsed in 2022, has announced a settlement with the Commodity Futures Trading Commission (CFTC) as part of its ongoing bankruptcy proceedings. Meanwhile, the agreement, which awaits court approval, could reshape the landscape for affected cryptocurrency holders and mark a critical step in the ongoing bankruptcy process.  Perhaps the details reveal a complex arrangement…

The post CFTC Chairman Declares BTC and ETH are NOT Securities! appeared first on Coinpedia Fintech News We consider Bitcoin and ETH as a revolutionary technology and during a recent Senate Committee hearing, CFTC Chairman Rostin Behnam made significant declarations about cryptocurrencies. He reaffirmed that Bitcoin and Ethereum are commodities under the Commodities Exchange Act. This classification follows a recent ruling by an Illinois district court that upheld their status. According to Eleanor Terrett, a journalist at Fox Business, CFTC…

The post CFTC Launches Investigation Into Jump Trading As Crypto Scrutiny Rises  appeared first on Coinpedia Fintech News The Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Trading, a prominent Chicago-based firm known for its significant role in the cryptocurrency sector. This probe, while not indicating any wrongdoing, focuses on Jump’s activities in crypto trading and investment. Jump Trading Faces Regulatory Hurdles The Commodity Futures Trading Commission is examining Jump’s role in the cryptocurrency sector, investigating its trading…

The Commodity Futures Trading Commission (CFTC) has named Aptos co-founder and CEO Mo Shaikh to its subcommittee on digital assets.  The CFTC’s Digital Assets Subcommittee is part of a larger committee made up of industry representatives who will advise the agency on rulemaking and regulation.  Aptos CEO Appointed To Digital Assets Subcommittee  The Digital Assets Subcommittee will operate under the Global Markets Advisory Committee (GMAC). Established in 1998, the GMAC consists of financial executives, including higher-ups from institutions such as…

The post KuCoin Partners With Major Law Firm To Fight DOJ, CFTC Lawsuits appeared first on Coinpedia Fintech News KuCoin has announced its new partnership with the A&O Shearman Law firm to fight against lawsuits from DOJ and CFTC. In March, the US CFTC filed a lawsuit against KuCoin, alleging its failure to register with the regulatory bodies. U.S. federal prosecutors also charged KuCoin with violating anti-money laundering laws. KuCoin’s CEO revealed multiple rounds of communication with the agencies and…