Tag: CFTC

The firm plans to rebuild rather than restore, despite rumours that the ransom has been paid – but could it be liable for a regulatory penalty in response? 

A report from the US’ National Bureau of Economic Research finds that fabricated wash trading on unregulated crypto exchanges accounts for the lion’s share of reported volumes.  

The former CEO of Alameda Research and the former chief technology officer of FTX Trading have been charged by the SEC and CFTC for their roles in a “multi-year scheme to defraud investors” and have also pleaded guilty to criminal charges; while SBF has been extradited to the US from the Bahamas.  

Following a delay in the original implementation date of 25 May 2022, the CFTC rewrite has now gone into effect with the aim of correcting errors in swap data.

The founders have been charged with illegally conducting business with US customers.

The past week saw appointments from the DTCC, TP ICAP, the CFTC and Trading Technologies.

New director of market oversight division has been with the CFTC for 25 years after also serving for 11 years in private practice.

US regulators are exploring how they can share responsibility for crypto oversight in light of considerable overlap on some crypto trading platforms.

Swaps and derivatives association welcomed the CFTC’s earlier offered relief but said changes including the implementation of ISO 20022 could result in further overhauls.

The regulator has issued no-action letters on amendments that became effective in January last year and had an expected compliance date of 25 May this year.