#cftc crypto

CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise and believes that “Many digital assets constitute commodities.” Meanwhile, SEC Chairman Gary Gensler has insisted…

Brad Sherman, California Congressman, Continues Tirade Against BTC

Brad Sherman (D., Calif.), a known opponent of crypto, has slammed bitcoin as having ‘no societal value.’ Speaking with CNBC, the Congressman representing the 30th District of California reiterated his opinion that bitcoin has little intrinsic value and is only helpful as a vehicle for tax evasion. But he is optimistic that once Know-Your-Customer and anti-money laundering rules come into play,…

Crypto Likely Won’t Be Banned ‘Anytime Soon,’ Says California Congressman

Congressman Brad Sherman, a well-known cryptocurrency skeptic, claimed that the “money and power” that support the sector will prevent crypto from being outlawed at the moment. Sherman told The Times, “I don’t think we’re going to get [to a ban] anytime soon.” ‘Too much money and power’ backing crypto “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and…

Last Week [In] Crypto: CFTC Bans Betting Platform From US Election Wagers, Nepal Looks to Launch CBDC

Last week, the Commodity Futures Trading Commission (CFTC) ordered the PredictIt gambling site to cease operations for failing to follow guidelines. Be[In]Crypto has gathered some of the most important stories in the crypto industry from the past few days, in case you missed them. Don’t forget to subscribe to our newsletter and get the weekly roundups right in your inbox! Betting platform hits a…

Last Week [In] Crypto: Nomad Loses $200M in Daring Hack, CFTC Tipped to Be Crypto’s Chief Regulator

It’s been a pretty interesting week and Be[in]Crypto has curated the most important stories in the cryptoverse for your digest. The stories range from Nomad’s $200 million hack, WazirX investigation by Indian authorities, Michael Saylor stepping down as CEO, 140 billion worth of stablecoin to re-enter the markets, and the U.S. Senate’s proposal to make the CFTC crypto main watchdog.  Don’t forget…

Last Week [In] Crypto: Nomad Loses $200M in Daring Hack, CFTC Tipped to Be Crypto’s Chief Regulator

It’s been a pretty interesting week and Be[in]Crypto has curated the most important stories in the cryptoverse for your digest. The stories range from Nomad’s $200 million hack, WazirX investigation by Indian authorities, Michael Saylor stepping down as CEO, 140 billion worth of stablecoin to re-enter the markets, and the U.S. Senate’s proposal to make the CFTC crypto main watchdog.  Don’t forget…

All Crypto Exchanges Including Binance to be Investigated by SEC: Senator’s Office

There will be no escaping Uncle Sam’s wide sweeping net of crypto regulation according to staff from Senator Cynthia Lummis’ office. The U.S. Securities and Exchange Commission is investigating Coinbase, the country’s largest exchange, and has also set its sights on global giant Binance according to Lummis office staff. Both Coinbase and Binance have bent over backward to appease regulators with…