Commissioner Kristin Johnson also proposed the creation of a task force on AI fraud as the Commodity Futures Trading Commission announced Ted Kaouk as its first-ever Chief AI Officer.
In the annual enforcement results, the CFTC filed 82 enforcement actions against defaulters, and a fifth of the affected firms are service providers in the digital assets industry.
The new bill, which has been expected for months, is intended to "amend the Commodity Exchange Act to provide the CFTC jurisdiction to oversee the spot digital commodity market."
CFTC Chairman Rostin Behnam announced that the CFTC will restructure its LabCFTC unit to "take on a new identity as the Office of Technology Innovation (OTI) with an updated operating model."
Digital asset regulation in the United States has a problem. There are too many chefs in the kitchen, and in confusion, some digital dishes are getting burned while others are being snuck out the back door.
As per the legal opinion of both the chairman of the Securities and Exchange Commission and the New York Attorney General, Ethereum, and most other tokens sold via ICO, are unregistered securities.
Binance is the subject of an active investigation by the Commodity Futures Trading Commission for potentially offering digital asset derivative products to U.S. citizens in contravention of U.S. regulations.
The U.S. Commodity Futures Trading Commission has published an intriguing advisory for clearing houses and exchanges about assessing as well as listing cryptocurrency derivatives products.
Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has announced his intention to retire following the completion of his current term in 2019.
The distinction between commodities and securities is an important one for the crypto sector.
Avraham Eisenberg is facing court charges over his alleged "blatant manipulation" of spot prices and swaps that drained $110 million worth of digital assets in the Mango Markets exchange.
The Commodity Futures Trading Commission has been asked for input on the case.
