In brief CFTC Chairman Michael Selig told CNBC the $6.4 billion Binance hack “proves our exact point” for the crypto-market rules the agency proposed this month. Selig characterized the attack as a laptop-introduced vulnerability …
CFTC
- Altcoin Highlights
U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages
by adminby adminThe “interim final” status of the one rule means it becomes immediate policy but will be open for public input as it’s implemented. The other rule proposal explicitly folds “event contracts, including those based …
- NFT & Metaverse
CFTC seeks to define event contracts as swaps amid prediction market fight
by adminby adminThe classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.
- NFT & Metaverse
Kalshi says it is not being investigated by the CFTC over trading activity
by adminby adminThe activity had already drawn attention from Beni, a co-founder of research firm Stealth Neolab, who said Kalshi’s ether perpetual recorded about $539 million in 24-hour volume against just $3.1 million in open interest. …
- Bitcoin & Ethereum
CFTC Staff Advisory Says Prediction Market ‘Mention’ Contracts Invite Manipulation
by adminby adminIn brief CFTC market oversight staff said prediction market contracts settling on whether a named person says certain words should be presumed readily susceptible to manipulation. The presumption also covers contracts on attendance, handshakes, …
- DeFi Market
Polymarket US Files AI Compute Contracts as CFTC Seeks Standards for Emerging ‘Digital Oil’ Market
by adminby adminThe CFTC is seeking public comment on how AI compute derivatives should be listed and overseen, including questions around liquidity, benchmark reliability, manipulation and customer protections, as Kalshi, CME, ICE, Polymarket US and Liquid …
The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US “in a fully compliant and legal fashion,” sending HYPE and Hyperliquid Strategies shares up and …
Update (Sept. 29, 8:45 pm UTC): This article has been updated to include a response from the CFTC. Two of the United States’ financial agencies tasked with overseeing and enforcing digital asset regulation will …
CFTC sends crypto rules to White House to review as Congress stalls on Clarity Act
“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” CFTC chair Mike Selig wrote in a post on X following the vote on Wednesday. The CFTC, …
CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi
The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado’s personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy …