Former Commodity Futures Trading Commission chair and “Crypto Dad” Chris Giancarlo argued forcefully in a June 17 column that XRP is not a security but a currency under U.S. law. That’s a huge, potentially life-or-death question for Ripple.
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ErisX brings ETH futures to America
The crypto derivatives exchange’s physically settled ether futures are the first available to U.S. investors; Binance.US adds OTC desk for large crypto trades
On May 11, TD Ameritrade-backed cryptocurrency derivatives exchange ErisX announced that it now offers physically settled ether futures contracts to both institutional and retail investors.
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The CFTC levied $205 million in fines. And focused on cryptocurrency. Not sayin' they're related, but... (Marco Verch via Flikr, CC BY 2.0).CFTC recoups $1.3 billion, calls crypto policing major goal
The Commodity Futures Trading Commission’s Enforcement Division assessed $205 million in fines, covering 80% of the agency’s FY 2019 budget as it focused on cryptocurrency.
The Commodity Futures Trading Commission’s Enforcement Division paid for itself four times over in fiscal year 2019. In fact, the $205 million in fines it assessed covered 80% of the agency’s $249 million total budget. The division also said policing digital assets had become one of its main goals. While it didn’t break down how much of that came from cryptocurrency and digital assets cases...
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Commodity Futures Trading Commission Chair Heath Tarbert wants to regulate softly and carry a big stick (Photo: Harvard)Opinion | Congress must act now on cryptocurrency regulation
The election hype will soon doom any hope of a clear legal framework being in place by 2020.
Members of Congress love to drag the CEOs of large companies into hearings to show off in front of their constituents. The best recent example is the grilling of Facebook's Mark Zuckerberg over the company's Libra cryptocurrency project. Now, this over-the-top political production is threatening to spoil a good opportunity to provide the regulatory clarity so desperately needed by the cryptocurrency industry...
