CFTC


Technology

The Protocol: The CFTC Is Cracking Down on Crypto

The move marks a contrast to its previously 'lenient' image compared to the SEC.

(Héctor J. Rivas/ Unsplash)

Opinyon

Will the CFTC Blot Out DeFi in the U.S.?

Recent actions by the agency raise impossible questions for decentralized finance platforms.

The U.S. Commodity Futures Trading Commission would be granted far-reaching authority over crypto trading and regulation in a new Senate bill. (Jesse Hamilton/CoinDesk)

Policy

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.

The firm’s new futures commission merchant status at the CFTC may undermine the other U.S. markets regulator – the SEC – and bolster the case for ether as a commodity.

Coinbase Inc. quietly cleared a major hurdle for getting regulated in the U.S., though it's not with the Securities and Exchange Commission. (CoinDesk)

Finance

Coinbase Finally Wins Approval to List Crypto Futures in U.S.

The approval makes Coinbase the first crypto-first platform to offer regulated and leveraged crypto futures alongside alongside traditional spot trading

Coinbase CEO Brian Armstrong (Coinbase)

Mga video

PayPal's Stablecoin Debut Shows This Technology 'Has Value Outside of Crypto': Former CFTC Chair Massad

PayPal USD (PYUSD), the latest stablecoin pegged to the U.S. dollar, will be an Ethereum-based token offered to the company’s online-payments customers before expanding to PayPal’s Venmo app. Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses the broader implications, noting that PayPal's move shows "this technology could be beneficial in payments more generally."

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Mga video

PayPal's Stablecoin Could Propel Creation of a 'Federal Regulatory Framework': Former CFTC Chair Massad

PayPal is issuing a U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), but what does this mean for crypto regulation in Washington, D.C.? Timothy Massad, former CFTC chairman, PayPal advisor, and current director of the Digital Assets Policy Project at the Harvard Kennedy School, discusses his reaction and the outlook for stablecoin legislation. "PayPal is saying, we think this technology could be beneficial in payments more generally...that's a good thing," Massad said.

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Mga video

If Binance Faces U.S. Criminal Charges it Could be a 'Death Blow': Former CFTC Division Director

Josh Sterling, former CFTC Division Director and current partner at Jones Day reacts to Semafor reporting that Binance could face U.S. Department of Justice fraud charges, although prosecutors are weighing alternatives given the risk of an FTX-style bank run. Sterling notes that criminal charges against companies are usually a "death blow" and often have "severe consequences for all stakeholders."

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Department of Justice Could Charge Binance With Fraud: Report

Binance may face Department of Justice fraud charges, though prosecutors are considering alternatives given the risk of an FTX-style bank run, according to Semafor. Josh Sterling, Jones Day partner and former CFTC division director, discusses the specifics of the report and the potential outcomes.

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Worldcoin Faces Investigation in France; Grayscale Wants Equal Treatment for Spot Bitcoin ETF Filings

"CoinDesk Daily" takes a look at the top headlines in crypto today, including Worldcoin, which was co-founded by OpenAI's Sam Altman, facing new scrutiny in France. Grayscale calls for a fair process when it comes to the SEC approving spot bitcoin ETF applications. Binance files a motion to dismiss a lawsuit from the CFTC. And, an update on what FTX founder Sam Bankman-Fried's attorneys are now asking from the court.

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Policy

CFTC Overreached in Suing Binance, Crypto Exchange Says

Binance filed to dismiss a CFTC lawsuit alleging it offered illegal commodities trading products to U.S. residents.

Binance CEO Changpeng Zhao (CoinDesk)