• Sen. Kelly Loeffler has been in office three days and she still hasn't set up a press page. Doesn't she know that the most dangerous place in Washington is supposed to be between a member of Congress and a camera? (via @GovKemp)
    People,  Politics

    This is Awkward: Bakkt’s former CEO joins Senate committee overseeing CFTC

    Sen. Kelly Loeffler, who used to run bitcoin futures trading platform Bakkt was just appointed to a committee that oversees the Commodity Futures Trading Commission. What’s she gonna do?

    Former Bakkt CEO and current Senator Kelly Loeffler's membership on the committee overseeing the Commodity Futures Trading Commission presents a potential conflict of interest, but also gives the cryptocurrency industry a knowledgeable and friendly seat at the table.

  • 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).
    Regulation

    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...

  • Heath Tarbert, Chairman of the CFTC. (via Harvard)
    Ethereum,  Politics

    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...

  • The "Circle Society" looked more like a pyramid, according to the CFTC (via Pixabay).
    Bitcoin

    Bitcoin Ponzi scheme netted $11 million

    In condemning the fraud, CFTC Chair Heath Tarbert said digital assets ‘hold great promise for our economy’

    In condemning the fraud, CFTC Chair Heath Tarbert said digital assets ‘hold great promise for our economy’

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