Lost in the tsunami of federal government budget battle news is the welcome development that the Commodity Futures Trading Commission (CFTC) has a new, official chairman — Rostin “Russ” Behnam, and that the stage has been set for a full roster of commissioners. On Dec. 16, the U.S. Senate voted unanimously to approve Rostin Behnam… Read More >>
Coinbase Penalized $6.5M for Reporting & Trading Woes
Digital asset exchange operator Coinbase will pay a civil penalty of $6.5 million to settle a case with the CFTC involving wash trading by a former employee and inaccurate reporting of digital asset transaction volumes even though the CFTC does not regulate Coinbase. While it doesn’t oversee cryptocurrency trading venues, the commodities regulator stepped in… Read More >>
Senate Confirms Giancarlo as Next CFTC Chairman
The CFTC has a nearly full slate of commissioners with the U.S. Senate’s unanimous vote late yesterday to promote J. Christopher Giancarlo from acting chairman to chairman, and to confirm Brian D. Quintenz, a Republican, and Rostin Behnam, a Democrat, as new commissioners. Quintenz will join the CFTC from Saeculum Capital Management, “where he is… Read More >>
