Rostin Behnam will resign as Chair of the CFTC effective January 20, coinciding with President-elect Donald Trump’s inauguration. During his tenure, Behnam advanced crypto oversight, leading to significant enforcement actions, including a $4.3 billion fine against Binance and a $5 million settlement with Gemini’s Winklevoss twins. Speculation about his successor includes pro-crypto candidates like Republican Commissioners Summer Mersinger and Caroline Pham, as well as former Commissioner Brian Quintenz, known for advocating clear regulations for emerging technologies.
about Rostin Behnam Resigns as CFTC Chair Amid Crypto Regulation DevelopmentsCelsius Network
0 in Finance and 0 in Crypto last weekCelsius Appeals Court Ruling on 444 Million Dollar Claim Against FTX
Celsius Network has filed an appeal against a court ruling that dismissed its $444 million claim against the bankrupt FTX exchange. Initially seeking up to $2 billion, Celsius amended its claim to focus on “preferential transfers” but faced rejection due to procedural flaws and lack of evidence. Despite these legal challenges, Celsius has begun repaying creditors, distributing $2.5 billion to over 250,000 individuals and planning an additional $127 million payout from recovered funds.
about Celsius Appeals Court Ruling on 444 Million Dollar Claim Against FTXCelsius Network Appeals Rejected Two Billion Dollar Claim in FTX Case
Celsius Network is appealing a rejected $2 billion claim related to the FTX case. The appeal comes as the company seeks to recover losses amid ongoing legal challenges in the cryptocurrency sector. Further developments are anticipated as the case unfolds.
about Celsius Network Appeals Rejected Two Billion Dollar Claim in FTX Case