Displaying results 81 - 90 of 120
Testimony of Chairman Timothy G. Massad before the U.S. House Committee on Agriculture
… before you for the first time as Chairman of the Commodity Futures Trading Commission (CFTC). I am pleased to testify … such as new products. Virtual currencies, such as bitcoin, are an example. Virtual currencies may raise issues … policies and procedures specific to virtual currencies like bitcoin, the agency’s authority extends to futures and swaps …
Statement of Chairman Heath P. Tarbert in Support of Final Rule on Swap Execution Facilities
… faced a key decision: Should it require swaps to trade like futures, via a centralized exchange order book visible to … centralized exchanges have supported price discovery in futures products by providing a liquid, transparent market … , Fortune (Nov. 19, 2019), https://fortune.com/2019/11/19/bitcoin-blockchain-fintech-regulation-ctfc/ . [12] The final …
Concurring Statement of Commissioner Dawn D. Stump Regarding Enforcement Action Against Payward Ventures, Inc. (d/b/a Kraken)
… the purchase and sale of digital assets, including Bitcoin. [1]   I write separately to comment on certain … Act (“CEA”) [2]  ; and 2) operated as an unregistered futures commission merchant (“FCM”) in violation of Section … speculative commodity transactions involving leverage are futures contracts that, pursuant to Section 4(a) of the CEA, …
Statement of Chairman Heath P. Tarbert in Support of Proposed Rule on Swap Execution Facilities
… a key decision:  Should it require swaps to trade like futures, via a centralized exchange order book visible to … centralized exchanges have supported price discovery in futures products by providing a liquid, transparent market … , Fortune (Nov. 19, 2019), https://fortune.com/2019/11/19/bitcoin-blockchain-fintech-regulation-ctfc/ . [12] Such …
Opening Statement of Commissioner Kristin N. Johnson Before the Market Risk Advisory Committee Meeting
… Committee.  The work of the MRAC and the other Commodity Futures Trading Commission (CFTC or Commission) Advisory … of self-certification in the context of the launch of two Bitcoin futures contracts, climate-related market risk, … with engaging in a $44 million Ponzi scheme involving bitcoin); CFTC v. Mirror Trading Int’l Proprietary Ltd. , …
Remarks of Commissioner Christy Goldsmith Romero at ISDA’s ESG Forum on Promoting Market Resilience: A Thoughtful Approach to the Daunting Challenge of Climate Financial Risk
… exchanges, financial institutions, asset managers, brokers (futures commissions merchants), public interest groups, … Coordination. The CFTC actively coordinates its approach to Bitcoin and other virtual currencies with other Federal … its approach environmental/climate-related products Bitcoin and other virtual currencies with other Federal …
Opening Statement of Commissioner Brian D. Quintenz before the CFTC Technology Advisory Committee
… Intelligence Branch entitled, Impact of Automated Orders in Futures Markets .  The staff report analyzes manual and automated trading’s impact on the commodity futures markets.   Specifically, the report examines … mechanisms used for virtual currencies.  Currently, both Bitcoin and Ether rely on a proof of work consensus …
Keynote Address of Chairman J. Christopher Giancarlo before FIA Annual Meeting, Boca Raton, Florida
… Walt. It is great to be here at FIA’s 43 rd International Futures Industry Conference. It is certainly the one annual … a new world. He is often called the “father of financial futures.” Leo Melamed’s vision, brilliance, and … with fraud in connection with purchases and trading of Bitcoin and Litecoin. You get the picture. Customer …
Statement of Commissioner Kristin N. Johnson Regarding CFTC Resolving Charges Against Three Decentralized Finance Companies: The Need for Oversight
… Yesterday, the Commodity Futures Trading Commission (CFTC) announced the entry of … also charged these businesses with failure to register as a futures commission merchant (FCM) and failure to adopt know … Kristin N. Johnson Supporting Enforcement Action Against Bitcoin Fraud, July 6, 2023, …
Keynote Address of Commissioner Summer K. Mersinger: An Appropriate Regulatory Regime for Evolving Markets
… to begin with a short history lesson about the Commodity Futures Trading Commission (CFTC or the Commission). The … I am one of those five commissioners.  Our agency regulates futures and derivatives markets, which simply means our … manipulation in the markets, whether it occurs in a spot bitcoin market or a crude oil futures market.  Reviewing …