The Commodity Futures Trading Commission (CFTC) has taken action against crypto brokerage firm Falcon Labs, a company based in the Seychelles, for failing to register as a futures commission merchant (FCM) in the US. Interestingly, this marks the CFTC’s first enforcement action against an unregistered futures commission merchant involved in providing “unauthorized access” to crypto […]
As the US Securities and Exchange Commission (SEC) continues to scrutinize crypto industry players, including Robinhood, Binance, Coinbase, and Ripple, the Chair of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, warns of an impending surge in enforcement actions. Crypto Faces Inevitable Wave Of Enforcement Actions At the Milken Institute’s 27th annual Global Conference, Behnam […]
CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies | Bitcoinist.com
Categories
Bitcoin, CFTC, CFTC Bitcoin, CFTC news, Commodities Futures Trading Commission (CFTC), Crypto, crypto exploit, crypto hacks, Crypto News, Crypto regulation, crypto scams, cryptocurrencies, Cryptocurrency, cryptocurrency scams, DeFi, DeFi scams, digital currency, phishing scams, Scams, US crypto regulation
In a recent consumer alert, the Commodity Futures Trading Commission (CFTC) warned about the proliferation of scams leveraging artificial intelligence (AI) to lure unsuspecting individuals into fraudulent crypto investment schemes. Specifically, these scams exploit the growing interest in cryptocurrency arbitrage trading by making “audacious claims” of generating outsized profits through AI-powered algorithms. AI-Driven Crypto Investment […]
Crypto Assets Triumph As Commodities, But Face Regulatory “Turf War,” Says US CFTC Chair | Bitcoinist.com
Categories
Bitcoin, CFTC, CFTC news, Commodity Futures Trading Commission (CFTC), Crypto, Crypto News, Crypto regulation, Crypto Regulations, cryptocurrencies, Cryptocurrency, DeFi, digital currency, ETH, Ethereum, Gary Gensler, Gary Gensler SEC, NEW York Crypto regulations, SEC chair, SEC Chairman, Stablecoin, Stablecoins, Tether, Tether Holdings, TetherUSDT, US crypto regulation
In the ongoing clash between regulatory bodies over the classification and regulation of the crypto industry, CFTC Chair Rostin Behnam has added fuel to the fire by stating that most crypto assets are commodities under existing laws. However, Behnam also acknowledged the existence of a “turf war” between regulatory bodies regarding the oversight of the […]
In a surprising twist of events, crypto exchange Bybit appears to be under the regulatory spotlight of the CFTC. The US government agency has sent a subpoena to Coinbase, demanding information on user accounts connected to Bybit. CFTC Targets Bybit Following its regulatory crackdown on Coinbase, the Commodity Futures Trading Commission (CFTC), appears to have […]