• 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.”

  • BitMEX Reed $5 million bail
    Cryptocurrencies,  Regulation

    BitMEX’s Samuel Reed released on $5M bail

    The cryptocurrency derivatives exchange’s CTO was one of four executives arrested on Oct. 1, when criminal and civil charges alleging insufficient money laundering protections were unsealed

    Under the terms of his bail, Reed had to put up $500,000 in cash. In addition, both he and his wife had to surrender their passports. He can only travel in New York, Massachusetts, and Wisconsin, with parole office approval.