CFTC

In a letter sent on March 26, the chairmen of the US House Financial Services Committee and the House Agriculture Committee asked Securities and Exchange Commission (SEC) chair Gary Gensler to clarify its position on crypto firm Prometheum’s plans to offer institutional custody services for Ethereum (ETH). They requested Gensler because of potential regulatory disparities […]

The Commodity Futures Trading Commission (CFTC) has initiated legal against specific individuals and their unincorporated entity, Fundsz. The regulatory body accused them of engaging in a deceptive scheme involving the trading of precious metals and crypto. Rene Larralde from Melbourne, Florida; Brian Early from New Orleans, Louisiana; Alisha Ann Kingrey from Franklin, Arkansas; and Juan […]

Alex Mashinsky, CEO of bankrupt crypto lender Celsius Network, pleaded not guilty to fraud charges brought against him in the US on Thursday. The authorities accused him of defrauding customers and manipulating the price of the platform’s native crypto token, CEL.  The U.S. Department of Justice arrested him on Thursday morning. The feds charged him […]

A coalition of industry watchdogs in the United States has joined forces to voice their opposition to a draft bill on the crypto market structure put forth by the United States House Financial Services Committee. Prominent groups, including Americans for Financial Reform and the Center for Responsible Lending, wrote a detailed letter to the committee. […]