Coinbase Derivatives Exchange unveils Bitcoin and Ethereum futures

Coinbase Derivatives Exchange will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional traders on June 5, according to a June 1 statement. The exchange said its decision to launch these new contracts was influenced by the increasing institutional interest and demand for advanced derivatives products after the success of its nano BTC and…

CFTC considers Bitcoin, Ethereum, Tether to be commodities

The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities. Source: CFTC Court Filing CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the…

CFTC serves Ooki DAO members lawsuit via governance discussion forum

The Commodity Futures Trading Commission (CFTC) served a lawsuit against Ooki DAO via its website chat box and its online governance forum, according to a Sept. 27 court filing. According to the filing, the decision to take this novel approach was because the DAO did not have: “Any listed headquarters or physical office location, mailing…

CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations

The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement action charging Ooki DAO — a successor to bZeroX that operated the same protocol — for illegally offering leverage and margin trading; failing to comply with the…

SEC Chairman wants the CFTC to regulate Bitcoin, Ethereum

The Chairman of the SEC said he would support Congress handing more power to the CFTC to regulate cryptocurrencies. Speaking at an industry conference on Thursday, Gary Gensler said he was looking forward to giving the Commodity Futures Trading Commission  greater authority over the crypto market “as long as it doesn’t take away power from…

SEC, CFTC propose amendments for large hedge fund crypto reporting

US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to Form PF. The proposal seeks to distinguish between “digital assets” and “cash and cash equivalents” for large hedge funds to ensure more accurate reporting. According to the proposal, a new sub-asset class should be created for…

SEC, CFTC may seek crypto exposure reports from hedge funds

US regulators are considering asking hedge funds to disclose their crypto exposure, The Wall Street Journal reported on Aug. 10. The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) would likely issue a joint proposal asking large hedge funds to use Form PF to report their crypto investments. The form would give…

US Senate introduces bill to put CFTC in charge of regulating Bitcoin, Ethereum

Leaders of the Senate Agriculture Committee introduced a bill on Aug. 3 to make the Commodity Futures Trading Commission (CFTC) the chief regulator of digital assets that are commodities. The CFTC currently regulates the derivatives market such as futures and swaps but not underlying commodities. According to the bill, the CFTC would get “exclusive jurisdiction”…

SEC is investigating Coinbase over ‘securities’ listing

The Securities and Exchange Commission (SEC) is investigating whether Coinbase allowed Americans to trade unregistered security assets, Bloomberg News reported on July 26. The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform. Coinbase now lists over 150 cryptocurrencies; after keeping the number of…