Articles of CFTC

Former CFTC chairman intends to promote "digital dollars" through non-profit foundations

Former US Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo is planning to promote a blockchain-based digital dollar by establishing a non-profit organization. According to the Wall Street Journal, the foundation is called the "Digital Dollar Foundation," which specializes in converting dollars to "blockchain-based all-electronic currencies." The plan is to promote research and exploration […]

CFTC releases 2019 annual report collects more than $ 1.3 billion fine

The US Commodity Futures Commission (CFTC) recently released its annual report, which showed that as of September 30, 2019, a total of more than 1.3 billion US dollars in fines had been collected. The report shows that the CFTC will continue to monitor digital assets that meet the definition of "commodities", including commodity futures, options […]

CFTC Chairman: ETH is not a security, it is a commodity; the forked asset should be classified into the same category as the original asset.

In December last year, the US Commodity Futures Trading Commission (CFTC) publicly solicited feedback to gain a better understanding of the Ethereum network and the cryptocurrency ETH. Heath Tarbert, who just took over as chairman of the CFTC in July, publicly stated at the meeting in New York today that he believes ETH is a […]

Farce does not stop! LedgerX executives accuse CFTC of preferring its competitor Bakkt

This weekend, the cryptocurrency derivatives market staged a drama involving LedgerX executives and regulators, the US Commodity Futures Trading Commission (CFTC). Executives at LedgerX, a US-based cryptocurrency exchange, claim that its main regulator, the CFTC, is unfair, and the CFTC prefers its old rival, Bakkt. Paul Chou, CEO of LedgerX, issued a series of tweets […]

Adaptation and Change – Regulators SEC and CFTC want to increase digital asset expertise

On May 8, two major financial regulators, the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC), attended the Congress to testify. The Senate Appropriations Committee’s hearing informed the Senate of the budgetary needs of the agencies and outlined the goals and initiatives. SEC Chairman Jay Clayton and CFTC Chairman […]

Wind vane, senior US CFTC official: willing to approve a compliant Ethereum futures contract

A senior official said that the US Commodity Futures Trading Commission (CFTC) is willing to approve an Ethereum futures contract, provided that the contract meets all regulatory conditions. Image source: unsplash The Commodity Futures Trading Commission (CFTC), which oversees the US derivatives market, has previously approved the CME Group in Chicago and the CBOe Global […]

Why is Bakkt started repeatedly? CFTC Chairman Giancarlo talks about the reasons for his resistance

When is Bakkt launched? Since the first time the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, disclosed its grand plan to build a bitcoin futures platform last summer, the issue has been repeatedly raised. Bakkt will help bring Bitcoin to the next level of mass adoption, but it has now […]