CFTC commissioner says agency has broad enforcement authority on crypto derivatives
2021-09-03 23:58:38 Primitive Reading

 Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency's authority with respect to digital assets.  In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were cash-like commodities in the eyes of the regulatory body, but “even if a digital asset is a commodity, it is not regulated by the CFTC.” According to the commissioner, however, the agency is within its power to regulate derivatives on digital assets, “such as the futures contracts on Bitcoin and Ether listed for trading on various CFTC-regulated exchanges.” U.S. government agencies including the CFTC, Securities and Exchange Commission (SEC) and the Financial Crimes Enforcement Network (FinCEN) are largely responsible for handling digital asset regulation and enforcement in the country. However, each has different jurisdictional claims regarding crypto, often leading to confusion for companies trying to operate within the law.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

Recommended reading
X10 Legends Blockchain Game Metaverse Will Be Officially Launched Today

10-22     Amazon Finance     105 Reading

Infrastructure bill set for a vote by Sept. 27 with no changes to crypto tax provisions

10-22     网络     67 Reading

Celsius becomes first CeFi or DeFi platform to cross $20B AUM

10-22     网络     128 Reading

MicroStrategy splashes $177M on Bitcoin, now holds almost 109,000 BTC

10-22     网络     164 Reading

FTX’s Bankman-Fried remains cautious about nascent NFT space

10-22     网络     192 Reading

Poll shows Brits concerned over the prospect of a digital pound

10-22     网络     108 Reading

Ethereum network's hashrate is 613,610.93 GH/s,mining difficulty is 8,143.78T

10-22     网络     70 Reading

Iran to lift Bitcoin mining ban in September

10-22     网络     74 Reading

Upbit reportedly first crypto exchange to file with Korean regulators

10-22     网络     116 Reading

FTX buys name rights to Cal Memorial Stadium for 10 years in $17.5M deal

10-22     网络     164 Reading

Chinese province to cut off Bitcoin miners from hydropower stations

10-22     网络     190 Reading

Xiaomi India needs regulatory clarity to embrace crypto, says exec

10-22     网络     135 Reading

Publishing platform Substack now accepts Bitcoin payments

10-22     网络     182 Reading

Binance denies allegations of market manipulation

10-22     网络     56 Reading

El Salvador president announces infrastructure already being built ahead of country's Bitcoin adoption

10-22     网络     68 Reading