The CFTC unveiled an Innovation Activity Drive protecting crypto, AI, and prediction markets on the Digital Asset Summit in New York on March 24. Senior adviser Michael J. Passalacqua will lead the duty pressure, which coordinates with an Innovation Advisory Committee of 35 members together with Coinbase, Ripple, and UniswapContinue Reading
The CFTC has clarified how crypto can be utilized as collateral in its pilot program, requiring corporations to report frequently to the regulator and observe strict valuation and danger guidelines. Aligning with the SEC, the company set capital expenses at 20% for Bitcoin and Ether and a couple of% forContinue Reading
The SEC and CFTC signed a memorandum of understanding on March 11 to coordinate oversight of digital property throughout six precedence areas. A Joint Harmonization Initiative will align product definitions, clearing frameworks, and enforcement actions between the 2 companies. The settlement comes as Congress stalls on the Digital Asset MarketContinue Reading
The SEC and CFTC have signed a memorandum of understanding to enhance cooperation on monetary market regulation, together with digital asset oversight. The settlement outlines joint policymaking, enforcement coordination and knowledge sharing to cut back regulatory overlap. A Joint Harmonization Initiative will look at areas similar to product classification, reportingContinue Reading
TD Cowen experiences that US states presently maintain a authorized benefit over the CFTC in regulating sports-based prediction markets attributable to historic precedents in playing oversight. Latest courtroom rulings in Nevada and Massachusetts have blocked platforms like Crypto.com and Kalshi, treating their occasion contracts as unlicensed playing moderately than federallyContinue Reading
A number of crypto executives, together with Ripple’s Brad Garlinghouse and Coinbase CEO Brian Armstrong, have been appointed to the CFTC’s new Innovation Advisory Committee. The committee has 35 appointees in complete drawn from a spread of sectors together with crypto, on-line betting, prediction markets, and huge TradFi establishments. TheContinue Reading
SEC and CFTC leaders signalled a unified strategy to crypto regulation regardless of stalled congressional laws. CFTC Chair Mike Selig outlined early priorities, together with digital asset definitions and prediction market rulemaking. Venture Crypto will function a joint framework to harmonise oversight and cut back regulatory fragmentation. Leaders of theContinue Reading
The CFTC plans to permit regulated US exchanges to supply leveraged spot crypto buying and selling as early as subsequent month beneath present commodities legislation. Appearing Chair Caroline Pham is readying steerage to make these listings operational, which might carry US custody, margin, and surveillance requirements to retail crypto spotContinue Reading
President Trump has nominated Michael Selig, the CFTC’s crypto job pressure chief counsel, because the company’s new chair, signalling continued pro-crypto coverage momentum. The appointment follows the withdrawal of Trump’s earlier choose, Brian Quintenz, after objections linked to Gemini co-founder Tyler Winklevoss. If confirmed, Selig will oversee the CFTC’s risingContinue Reading
The blockchain-based ‘prediction market’, Polymarket, has been given the green light to re-enter the US market after two companies it acquired in order to legally offer its services were issued a no-action letter by the CFTC. The no-action letter means the CFTC won’t take regulatory action for past breaches andContinue Reading
