Tag: CFTC
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Ex-FTX Unit LedgerX in Gray Area Beyond U.S. CFTC Proposal on Customer Funds: Commissioner
[ad_1] Friday’s proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn’t consider “the context of a non-intermediated clearing model where the DCO offers direct client access to its clearing services, without the FCM as an intermediary,” said CFTC Commissioner Kristin Johnson. [ad_2]…
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CFTC Goes After Opyn, ZeroEx, Deridex DeFi Operations in Enforcement Sweep
[ad_1] The three firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms, according to the CFTC. The U.S. derivatives regulator is ordering Opyn, ZeroEx, and Deridex to cease those violations and pay penalties of $250,000, $200,000, and $100,000, respectively. The companies agreed to…
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CFTC Investigators Conclude Celsius And Former CEO Violated Rules, Potential Case Looms
[ad_1] The Commodity Futures Trading Commission (CFTC) has concluded its investigation into bankrupt crypto lender Celsius and its former CEO, Alex Mashinsky, and found that they violated United States rules, according to sources familiar with the matter. The investigation, conducted by attorneys in the CFTC’s enforcement unit, revealed that Celsius misled investors and failed to…
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CFTC Kicks Off Review of Prediction Market Kalshi’s Congressional Control Betting Contracts
[ad_1] “The Commission should treat Kalshi’s certification in the same manner it treats all DCM certifications of new products, and then do what Congress provided: Undertake a public rulemaking process to establish a legal framework for exercising its discretion to determine whether event contracts, including those relating to political control, may be prohibited from trading…
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U.S. CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress
[ad_1] The prediction markets – which permit folks “to purchase and promote contracts on whether or not occasions are going to occur or not,” as Kalshi describes it on its website – have had a tumultuous latest historical past with the CFTC. Different firms had been ordered to stop doing enterprise within the U.S., resembling…