• CFTC investigating Binance
    Cryptocurrencies,  Regulation

    CFTC investigating Binance for American crypto customers: Report

    The enforcement agency may be investigating whether the No. 1 cryptocurrency exchange still serves American clients, despite claims that it does not

    Binance began kicking U.S. customers off its platform in November—even though it had closed its platform to Americans on June 14, 2019—after setting up the independent exchange Binance.US in the country. At the time, Binance CEO Changpeng “CZ” Zhao said Binance.US would “bring the security, speed, and liquidity of Binance.com to North America,” in full regulatory compliance with all U.S. laws.

  • Chris Brummer to head CFTC
    Cryptocurrencies,  Regulation

    DC Fintech Week head Chris Brummer to head CFTC: Report

    The Georgetown Law professor would be the third Biden Administration nominee to a major financial regulator position with a deep knowledge of cryptocurrencies

    A crypto-trifecta could be coming home if reports that President Joe Biden plans to nominate Chris Brummer, a Georgetown University Law School professor, as chairman of the Commodity Futures Trading Commission are true.

  • BitMEX completes user verification
    Regulation

    In wake of indictments, BitMEX completes user verification program

    The cryptocurrency derivatives exchange began putting an anti-money-laundering program in place for all of its users following the indictment of several executives, including former CEO Arthur Hayes

    The Seychelles-based exchange has been under severe pressure since the Oct. 1 indictment, when the four executives were charged with violating the Bank Secrecy Act by failing to put an acceptable user identity verification program in place.

  • Retiring CFTC Chair Heath Tarbert ether commodity
    Ethereum,  Regulation

    Retiring CFTC Chair Heath Tarbert again calls ether a commodity

    Among his top accomplishments at the Commodity Futures Trading Commission, Tarbert included having ‘promoted responsible fintech innovation and declared Ether a commodity’

    Speaking at Yahoo Finance’s All Markets Summit in New York in October 2019, Tarbert said, “we've been very clear on bitcoin: bitcoin is a commodity. We haven't said anything about ether—until now. It is my view as chairman of the CFTC that ether is a commodity.”