Harry Jung has been appointed as Acting Chief of Staff at the CFTC, focusing on crypto and digital asset strategy. This change follows Acting Chair Caroline Pham’s initiatives, including a proposed regulatory sandbox and a digital asset pilot program. Meanwhile, Mark Uyeda has taken over as acting chair of the SEC, advocating for a more lenient regulatory approach to crypto, while Travis Hill steps in as temporary chair of the FDIC amid scrutiny over digital asset records.
about CFTC Appoints Harry Jung to Lead Crypto and Digital Asset StrategyBehnam
0 posts last weekCFTC Considers Investigation of Crypto.com Over Super Bowl Betting Contracts
The CFTC is considering a probe into Crypto.com’s futures contracts that allow betting on football matches, including the Super Bowl, amid concerns over compliance with gaming laws. The agency is set to review the contracts after the Super Bowl on February 9, following a notification from Crypto.com about their trading launch in December. A spokesperson for Crypto.com expressed disappointment over the potential action, emphasizing the need for the incoming CFTC leadership to guide market operations.
about CFTC Considers Investigation of Crypto.com Over Super Bowl Betting ContractsRegulatory Changes and Legal Actions in Global Cryptocurrency Landscape
Rostin Behnam, chair of the CFTC, will resign on January 20 after advocating for stronger crypto regulations during his tenure, which included a $4.3 billion settlement with Binance. In Russia, authorities are seizing $10 million in Bitcoin from a former official convicted of bribery, while the IMF urges Kenya to update its crypto laws to enhance consumer protection and combat financial crimes. Additionally, New York’s attorney general has filed a lawsuit to recover over $2 million in stolen cryptocurrency linked to a job scam that deceived victims into investing under false pretenses.
about Regulatory Changes and Legal Actions in Global Cryptocurrency LandscapeCFTC Chairman Calls for Urgent Action on Cryptocurrency Regulation
In his final address as CFTC chairman, Rostin Behnam stressed the urgent need for comprehensive cryptocurrency regulation, acknowledging that the process will be gradual. He anticipates Congress will take six to ten months to deliberate on legislation, followed by an additional year for federal agencies to establish rules. Behnam plans to continue advocating for regulatory action even after his departure from office.
about CFTC Chairman Calls for Urgent Action on Cryptocurrency RegulationCFTC Chair Calls for Regulatory Guardrails as Crypto Industry Expands
CFTC Chair Rostin Behnam, set to leave the agency on February 7, emphasized the need for regulatory guardrails in the expanding crypto industry during his final remarks. He warned that the lack of comprehensive regulations could pose challenges for his successors. Meanwhile, SEC Chair Gary Gensler, also departing on January 20, highlighted ongoing issues in the crypto sector, describing it as “rife with bad actors” and underscoring the necessity for continued oversight.
about CFTC Chair Calls for Regulatory Guardrails as Crypto Industry ExpandsOutgoing CFTC Chair Calls for Stronger Cryptocurrency Regulation in the US
Outgoing CFTC Chairman Rostin Behnam has called for stronger and comprehensive regulation of cryptocurrencies in the U.S., highlighting a significant regulatory gap as mainstream adoption increases. He emphasized the CFTC’s unique position to oversee digital assets, especially as traditional financial institutions engage with cryptocurrencies. Behnam also expressed concerns about prediction markets and urged his successor to clarify regulations surrounding these platforms to prevent potential electoral influence.
about Outgoing CFTC Chair Calls for Stronger Cryptocurrency Regulation in the USCFTC Chairman Rostin Behnam Resigns Amid Ongoing Cryptocurrency Regulation Efforts
CFTC Chairman Rostin Behnam will resign on January 20, with his departure from the commission set for February 7. During his tenure, he pushed for the agency to become the primary regulator of Bitcoin and cryptocurrency exchanges, although legislative efforts to expand its authority were unsuccessful. Behnam emphasized the need for a robust regulatory framework for digital assets, as the market continues to grow and evolve.
about CFTC Chairman Rostin Behnam Resigns Amid Ongoing Cryptocurrency Regulation EffortsRostin Behnam Resigns as CFTC Chair Amid Crypto Regulation Developments
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 DevelopmentsCFTC Chairman Rostin Behnam Announces Resignation and Bitcoin Regulation Efforts
CFTC Chairman Rostin Behnam plans to resign from his position on January 20, with his departure from the commission set for February 7. Behnam, who advocated for the agency to become the primary regulator of Bitcoin and oversee cryptocurrency exchanges, expressed pride in the commission’s resilience amid various financial challenges.
about CFTC Chairman Rostin Behnam Announces Resignation and Bitcoin Regulation EffortsCFTC Chair Rostin Behnam Announces Resignation Effective January 20 2025
CFTC Chair Rostin Behnam announced his resignation effective January 20, 2025, emphasizing the need for disciplined digital asset regulation and addressing regulatory gaps in crypto markets. Under his leadership, the CFTC secured a $2.7 billion settlement with Binance for operating an unlicensed derivatives platform. As he departs, Brian Quintenz is a leading candidate to succeed him, with the CFTC facing ongoing challenges in regulating digital assets and offshore betting platforms.
about CFTC Chair Rostin Behnam Announces Resignation Effective January 20 2025CFTC Chairman Rostin Behnam Resigns Advocating for Stronger Crypto Regulations
Rostin Behnam steps down as CFTC chairman on January 20, concluding a term focused on stricter crypto regulations and enforcement actions, including a $4.3 billion settlement with Binance. He emphasized the need for clearer rules in the largely unregulated digital asset market and raised concerns about political betting markets, urging for tighter oversight. Behnam’s departure raises questions about the future leadership of the CFTC, with potential successors advocating for varying degrees of regulation.
about CFTC Chairman Rostin Behnam Resigns Advocating for Stronger Crypto RegulationsCFTC Chair Rostin Behnam Resigns Amid Kalshi Lawsuit and Regulatory Challenges
CFTC Chairman Rostin Behnam will resign on January 20, 2025, amid an ongoing lawsuit against Kalshi over political betting contracts. His tenure was marked by a strong push for cryptocurrency regulation, including a $4.3 billion settlement with Binance and calls for clearer frameworks to protect investors. Behnam’s departure raises uncertainties about the future of digital asset oversight and the commission’s approach to innovative financial products.
about CFTC Chair Rostin Behnam Resigns Amid Kalshi Lawsuit and Regulatory Challenges