The U.S. District Court docket for the Southern District of New York granted summary judgment, awarding the Commodity Futures Buying and selling Fee (CFTC) $228.6 million in restitution in opposition to Eddy Alexandre and his firm, EminiFX, for working a large crypto Ponzi scheme. Alexandre, who exploited his place inside his church and the Haitian…
The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it. CFTC Kicks Off Crypto Sprint With Spot Trading Initiative In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at enabling trading of spot crypto contracts listed on…
The Commodity Futures Trading Commission plans to allow spot cryptocurrency trading on exchanges it already regulates, expanding access to digital assets through federally registered futures markets. CFTC Acting Chairman Caroline Pham unveiled the plan on Monday, calling it the first move in the commission’s broader “crypto sprint,” a program aimed at quickly implementing key policy…