A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets. On March 9, Representative Paul Gosar (R-AZ) introduced the “Cryptocurrency Act of 2020”, a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory […]
Chicago based crypto exchange ErisX announced that it obtained derivatives clearing organization license from the Commodity Futures Trading Commission (CFTC). It will allow the exchange’s upcoming clearinghouse to clear digital asset futures contracts…
Reports reveal that the social media giant, Facebook has begun discussions with CFTC (U.S. Commodity and Futures Trading Commission) over the subject of its stablecoin initiative, GlobalCoin Cryptocurrency. The conversation is in its rudimentary stage, says CFTC Chairman. The aim of these discussions was to clarify if Facebook’s crypto stablecoin falls under the CFTC’s regulatory […]
CFTC has now the power to bar the operations of any company running Crypto purchases and trading of Bitcoin (BTC) and Litcoin (LTC) on faulty grounds, said the district judge of New York, Jack B. Weinstein while rejecting the plea of CabbageTech Corp to self-regulate its commercial operations related to cryptocurrency.