Bitcoin ETF issuer VanEck files for Solana ETF in the US

According to VanEcks head of digital assets research, VanEck is the first company in the United States to file for a Solana ETF.

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House expected to vote on crypto bill offering SEC, CFTC clarity in May

The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives.

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EX Binance.US CEO Hires Lawyer with Ties to CFTC in Latest Lawsuit

It is unclear whether former Binance.US CEO Catherine Coley cooperated with the CFTC.

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US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million

According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also requires Ackerman to pay $27 million in restitution to defrauded victims [...]

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The government should fear AI, not crypto: Galaxy Digital CEO

Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation.

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Binance Declares CFTC Lacks Jurisdiction in Case Dismissal Claim

Binance is seeking to throw out the CFTC case.

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CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case

The CFTC said it’s the largest fraudulent Bitcoin scheme charged in any of its cases and the “highest civil monetary penalty ordered in a CFTC case.”

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Binance Lawsuit Explained: Why CFTC Involvement Is a Big Deal

The CFTC lawsuit spells serious trouble for the largest crypto exchange in the world.

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Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, [...]

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CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme

Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.

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Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption

In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The list of these digital assets includes popular tokens such as bitcoin, ethereum, usd coin, litecoin, and several others that the [...]

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Binance and CEO Changpeng Zhao intend to seek dismissal of CFTC complaint

Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.

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Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to file two separate motions [...]

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House Republicans’ Second Attempt at Stablecoin Legislation

House Republicans propose stablecoin legislation, addressing reserve requirements, securities classification, and CEO accountability, but face potential bipartisan challenges.

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ETH can be a security and a commodity: Former CFTC commissioner

Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed.

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Is Ether a Security or a Commodity? YGG, Binance Execs Weigh In at Bloomberg Event in Manila

Philippine crypto leaders stressed the need for new regulatory categories for cryptocurrencies and virtual assets.

The post Is Ether a Security or a Commodity? YGG, Binance Execs Weigh In at Bloomberg Event in Manila appeared first on BitPinas.

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Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone

Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward [...]

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Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist [...]

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CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman

The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The CFTC chief stressed that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges “if we did [...]

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SEC Prioritizes Monitoring Advisors Promoting Cryptocurrency As Top Concern in 2023

What – The SEC announced it would review cryptocurrency brokers and firms in 2023. Why – To ensure compliance with risk management practices and standards [...]

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