Tag CFTC
Commissioner warns against CFTC Overreach on SEC’s authority in KuCoin case
Key Takeaways This week, a notable rift unfolded within the realm of cryptocurrency regulation, triggered by CFTC Commissioner Caroline Pham’s expression of apprehension over the agency’s recent actions against KuCoin, a leading cryptocurrency exchange. Pham’s remarks raised significant concerns regarding…
CFTC Takes Action Against Debiex in $2.3 Mln Romance Crypto Scam
Key Takeaways The Commodity Futures Trading Commission (CFTC) has launched legal proceedings against crypto platform Debiex, exposing a sophisticated romance fraud scheme that led to the misappropriation of $2.3 million, predominantly from Asian American victims. The CFTC’s statement on Friday…
Binance Settles with US Court: Agrees to Pay $2.7 Billion to CFTC
Three DeFi Protocols Charged by CFTC: Breaching AML Rules, Operating Without Licenses
Key takeaways: The US Commodity Futures Trading Commission (CFTC) has taken regulatory action against three major decentralized finance (DeFi) protocols: Opyn, 0x, and Deridex. CFTC imposed substantial fines, with Opyn facing a $250,000 penalty, 0x receiving a $200,000 fine, and…
FundsZ Charged by CFTC for Crypto Fraud and Precious Metals Solicitation
Key takeaways: In a recent development that has sent shockwaves through the financial industry, the Commodity Futures Trading Commission (CFTC) has charged FundsZ with allegations of fraudulent cryptocurrency activities and deceptive solicitation related to precious metals. A group consisting of…