CFTC accuses pastor of shilling $6M crypto Ponzi to congregants
The CFTC has accused a pastor of promoting a crypto scheme to churchgoers, which it alleged promised guaranteed returns of nearly 35%. Go to Source
Commodity Futures Trading Commission.
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CFTC bags record $17B in 2024 thanks to massive crypto enforcement
The US commodities regulator recovered $12.7 billion in the FTX case, which was the “largest recovery for victims and sanctions in CFTC history.” Go to Source
DC Circuit Court Rules Kalshi’s US Election Bets Legal
This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. … Read more
CFTC slaps $36M fine on man for 5-year crypto investor fraud
The US regulator ordered approximately 85% of the significant fine to be paid back to victims of William Koo Ichioka’s fraudulent scheme. Go to Source
Rep. Torres ‘happy’ to help CFTC in regulating election betting contracts
New York Congressman Ritchie Torres stated he is “more than happy” to work with the CFTC to develop a plan for regulating election betting contracts in the United States. Go to Source
US court approves settlement against Binance, firm to pay $2.7B to CFTC
Former Binance CEO Changpeng “CZ” Zhao has been ordered to pay $150 million, while Binance will pay $2.7 billion to conclude the CFTC enforcement action. Go to Source
Taiwan officials launch inquiry into crypto betting on election results: Report
Several Taiwanese residents were reportedly using the decentralized betting platform Polymarket, the same platform that saw record-breaking trading volumes during the 2020 United States election. Go to Source
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool. Go to Source Powered by WPeMatico
Binance, CEO Changpeng Zhao intends to seek dismissal of CFTC complaint
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC. Go to Source Powered by WPeMatico
The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO
In an interview with WSJ, Coinbase CEO, Brian Armstrong, explained that entrepreneurs who left the United States will return when the government finds the “right outcome” for crypto regulation. Go to Source Powered by WPeMatico
