The end of the U.S. federal government’s fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note In a tweet late last night, President Trump said that he and Melania had tested positive for […]
Continue Reading
Despite criminal charges from the DOJ and at least one arrest of its leadership, Bitmex promises to continue operating as usual. In a blog post published Thursday afternoon, Bitmex lashed out at charges that the Commodity Futures Trading Commission and Department of Justice filed against the exchange and its management earlier today. Bitmex’s statement claimed that “From our early days […]
Continue Reading
The SEC’s investigation into the crypto trading firm, which paid fines of $300,000 in July, apparently continues. Back in July, the Securities and Exchange Commission alongside the Commodity Futures Trading Commission fined investment app Abra for providing trading on synthetic assets. At the time, that looked like the end of the matter. However, in response […]
Continue Reading
Bitcoin price declined by 4% after the CFTC revealed charges against BitMEX but BTC remains bullish in the long term. Within the last few hours Bitcoin (BTC) price plummeted as the U.S. Commodities and Futures Trading Commission (CFTC) charged BitMEX with facilitating money laundering and operating an illegal cryptocurrency derivatives exchange. An even larger shock occurred […]
Continue Reading
Not being incorporated in the U.S. did not help the popular platform. The U.S Commodity Futures Trading Commission, or CFTC, has charged the BitMEX derivatives exchange with operating an unregistered trading platform and violating anti-money laundering regulations. According to a statement released Thursday, the CFTC filed a civil enforcement action in the Southern District of […]
Continue Reading
The CFTC is looking to make an unregistered foreign platform pay back U.S. investors in its crypto futures, suggesting expanding jurisdictions. On Monday, the Commodity Futures Trading Commission filed charges against Laino Group for soliciting U.S. investors to trade in futures on commodities including Ether, Litecoin and Bitcoin without registering with the commission. Per the […]
Continue Reading
Maybe one day, drawing distinctions between crypto and traditional finance will seem quaint. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout […]
Continue Reading
A big day for crypto legislation in the United States. Two major crypto bills were introduced in the U.S. House of Representatives on Thursday. One aims to establish which cryptocurrencies are securities. The other looks to put regulation of exchanges in the hands of the country’s commodities regulator. The securities bill The Securities Clarity Act, from […]
Continue Reading
Several leaders in banking, payments and politics are joining the Chamber of Digital Commerce, a major voice for the blockchain industry in Washington, D.C. On Wednesday, the Chamber of Digital Commerce announced the addition of Visa, Goldman Sachs and Six Digital Exchange (SDX) to its executive committee. Mick Mulvaney, a former White House Chief of […]
Continue Reading
The fintech firm was supposed to reinstate its CFTC registration after 12 months of no trading but will not have to face an enforcement action. The United States Commodity Futures Trading Commission will still be allowing New York-based fintech firm Tassat to proceed with its Bitcoin swap contracts after failing to meet regulatory requirements. According […]
Continue Reading