The US Commodity Futures Trading Commission (CFTC) has unveiled its first regulatory framework for prediction markets, releasing what it described as a proposed approach to governing the industry under American law. The plan, issued by the agency on Wednesday, would establish standards for certain types of wagering while leaving markets tied to elections and politics…
View More Prediction Markets’ Wild West Days May Be Over: CFTC Drafts Its First Major Framework
As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before…
View More Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump
The US Securities and Exchange Commission (SEC) has stepped up its regulatory scrutiny of the crypto industry by charging Cumberland DRW LLC with operating as an “unregistered dealer”, underscoring the agency’s relentless enforcement approach that has come under increasing criticism from stakeholders and advocates in the digital asset space. Accused Of Trading $2B In Crypto…
View More SEC Strikes Again: Cumberland DRW Charged For ‘Unregistered Crypto Operations’
On Wednesday, US prosecutors charged four crypto companies and 14 individuals in what is hailed as the first criminal prosecution targeting financial services firms for market manipulation and sham trading activities within the crypto sector. Allegations Of Price And Trading Volume Manipulations According to a court filing by the US District Court of the District…
View More US Charges 14 Individuals And Four Crypto Companies In Major ‘Sham Trading’ Scandal