The Commodity Futures Trading Commission (CFTC) said Monday (Aug. 12) that it required Cost Management Solutions (CMS) to pay a $100,000 civil monetary penalty after finding that the company failed to register as an introducing broker (IB). The regulator issued an order that both filed...
FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel, is part of a settlement between the fallen cryptocurrency platform and the Commodity Futures Trading Commission (CFTC). Under the agreement, FTX and...
President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC). Goldsmith Romero has been a commissioner at the CFTC since March 2022, sponsors the CFTC’s...
A bill said to provide consumer protections and regulatory certainty around digital assets was passed by the U.S. House of Representatives on Wednesday (May 22). The Financial Innovation and Technology for the 21st Century (FIT21) Act (H.R. 4763) was approved with broad, bipartisan support, the House Financial Services...
January 21, 2022
Calling cryptocurrency the “Wild West” of finance, the U.S. Securities and Exchange Commission (SEC) chairman has said regulating crypto trading platforms is one of the biggest challenges facing Congress. Yuliya Guseva, a professor of law at Rutgers Law School and head of the blockchain and FinTech programs, told PYMNTS the SEC needs new specific rules […]
October 01, 2024
British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. The Commodity Futures Trading Commission (CFTC) announced Tuesday (Oct. 1) that it had settled charges against the bank for violations of the Commodity Exchange Act (CEA) and CFTC regulations relating to swap reporting. “Over the last year, the CFTC has imposed over $60 million in […]
August 12, 2024
The Commodity Futures Trading Commission (CFTC) said Monday (Aug. 12) that it required Cost Management Solutions (CMS) to pay a $100,000 civil monetary penalty after finding that the company failed...
August 08, 2024
FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. The agreement, approved Wednesday (Aug. 7) by U.S. District Judge P. Kevin Castel, is part of a settlement...
June 13, 2024
President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC)....
