Former CFTC chief joins Joe Biden’s transition team
Former Commodity Futures Trading Commission chair Gary Gensler is joining Joe Biden’s team, in a move that could benefit the role of digital currency and blockchain sectors.
Latest Commodity Futures Trading Commission News
CFTC wins $900K lawsuit against digital currency Ponzi scheme
Breonna Clark, who also went by Alexander Pak to her clients, will have to pay $450,302 in restitution to the clients she defrauded.
$6M My Big Coin Pay scam denied motion for leave to appeal 2018 ruling
The CFTC described My Big Coin Pay as a Ponzi scheme which had used false statements to drive up the value of its coin.
CFTC tightens digital currency rules for futures commission merchants
The regulator addressed how customer protection provisions of the Commodity Exchange Act apply to digital currencies deposited by futures customers.
BitMEX founders indicted on criminal charges, sued by US regulator
Prosecutors announced that they have indicted BitMEX’s founders for violating the Bank Secrecy Act in failing to implement required AML measures.
CFTC pursues digital currency firm for illegal trading
Laino Group Limited, aka PaxForex, engaged in unlawful retail commodity transactions in ETH, LTC and BTC, the regulator said.
Global Trading Club face fraud charges over $1M BTC trading scam
The U.S. Commodity Futures Trading Commission has filed a complaint against four individuals linked to a BTC trading scam.
Maryland firms charged in $28M scam targeting African immigrants
Three Maryland-based firms and their operators are facing fraud charges after allegedly scamming $28 million from over 1,000 investors.
Ohio fund manager denies $35M digital currency scam
Michael Ackerman, 51, has pleaded not guilty on counts of money laundering and wire fraud before a district court in New York.
Abra wants to be a digital currency bank
Digital currency investing platform Abra has announced that it would start offering interest-bearing accounts for six digital currencies.
CFTC seeks default judgment against Control-Finance fraud scheme
The CFTC plans to move for a default judgment after securing a Certificate of Default against Reynolds, and a Notice of Voluntary Dismissal.
CFTC charges 3 accused of pocketing $15M via investment scams
Digital Platinum and All In Publishing defrauded investors through a variety of false advertising campaigns, according to the regulator.