Bitcoin should be treated as a commodity, like gold Cantor Fitzgerald CEO

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

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Gold hits new all-time high as Bitcoin rallies to September high above $64K

Gold has gained more than 5% in two weeks, reaching a record high driven by rate cuts and geopolitical tensions.

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US judge slaps $36M fine on man for 5-year crypto investor fraud

The court order demands approximately 85% of the significant fine to be paid back to victims of William Koo Ichiokas fraudulent scheme.

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Rep. Torres 'happy' to help CFTC in regulating election betting contracts

New York Congressman Ritchie Torres stated he is "more than happy" to work with the CFTC to develop a plan for regulating election betting contracts in the United States.

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Bitcoin ETF issuer VanEck files for Solana ETF in the US

According to VanEcks head of digital assets research, VanEck is the first company in the United States to file for a Solana ETF.

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House expected to vote on crypto bill offering SEC, CFTC clarity in May

The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives.

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EX Binance.US CEO Hires Lawyer with Ties to CFTC in Latest Lawsuit

It is unclear whether former Binance.US CEO Catherine Coley cooperated with the CFTC.

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US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million

According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also requires Ackerman to pay $27 million in restitution to defrauded victims [...]

The post US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million appeared first on Crypto Breaking News.

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The government should fear AI, not crypto: Galaxy Digital CEO

Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation.

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Binance Declares CFTC Lacks Jurisdiction in Case Dismissal Claim

Binance is seeking to throw out the CFTC case.

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CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case

The CFTC said it’s the largest fraudulent Bitcoin scheme charged in any of its cases and the “highest civil monetary penalty ordered in a CFTC case.”

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Binance Lawsuit Explained: Why CFTC Involvement Is a Big Deal

The CFTC lawsuit spells serious trouble for the largest crypto exchange in the world.

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Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, [...]

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CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme

Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.

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Indonesia Labels 501 Cryptocurrencies as Commodities, Paving the Way for Regional Adoption

In contrast to the regulatory stance taken by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Supervisory Agency (CFTSA) of the Republic of Indonesia has officially labeled 501 cryptocurrencies as commodities. The list of these digital assets includes popular tokens such as bitcoin, ethereum, usd coin, litecoin, and several others that the [...]

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Binance and CEO Changpeng Zhao intend to seek dismissal of CFTC complaint

Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC.

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Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint

Crypto exchange Binance and its CEO Changpeng “CZ” Zhao are planning to file a motion to dismiss a March-filed lawsuit from the United States commodities regulator. In a July 24 filing to an Illinois District Court, multiple Binance entities, Zhao and former chief compliance officer Samuel Lim said they plan to file two separate motions [...]

The post Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint appeared first on Crypto Breaking News.

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House Republicans’ Second Attempt at Stablecoin Legislation

House Republicans propose stablecoin legislation, addressing reserve requirements, securities classification, and CEO accountability, but face potential bipartisan challenges.

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ETH can be a security and a commodity: Former CFTC commissioner

Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed.

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Is Ether a Security or a Commodity? YGG, Binance Execs Weigh In at Bloomberg Event in Manila

Philippine crypto leaders stressed the need for new regulatory categories for cryptocurrencies and virtual assets.

The post Is Ether a Security or a Commodity? YGG, Binance Execs Weigh In at Bloomberg Event in Manila appeared first on BitPinas.

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