Caroline D. Pham Appointed Acting Chairman of US CFTC

by Theresa Joy Lacatan | Jan 21, 2025 | Blog News, Crypto News

On 20 January 2025, the United States Commodity Futures Trading Commission (US CFTC) has unanimously appointed Commissioner Caroline D. Pham as Acting Chairman, effective immediately. She succeeds Rostin Behnam, who served as Chairman since January 2022 and will...

US CFTC and Bank of England Collaborate on Report Enhancing Margin Practices in Cleared Markets

by Theresa Joy Lacatan | Jan 16, 2025 | Blog News, Crypto News

On 15 January 2025, the United States Commodity Futures Trading Commission (US CFTC) and the Bank of England issued statements on the release of Final Report on Transparency and responsiveness of initial margin in centrally cleared markets – review and policy...

Gemini Trust Fined $5 Million for Misleading the US CFTC on Bitcoin Futures Product

by Theresa Joy Lacatan | Jan 14, 2025 | Blog News, Crypto News

On 13 January 2025, the United States Commodity Futures Trading Commission (US CFTC) announced that Gemini Trust Company LLC, a New York-based trust company, has been ordered by the US District Court for the Southern District of New York to pay a $5 million civil...

Mosaic Exchange Ltd. and CEO Ordered by US CFTC to Pay Over $1.1 Million for Cryptocurrency Fraud Scheme

by Theresa Joy Lacatan | Jan 14, 2025 | Blog News, Crypto News

On 13 January 2025, the United States Commodity Futures Trading Commission (US CFTC) announced that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered by the US District Court for the Southern District of Florida (case 9:23-cv-8130-AMC) to pay over $1.1...

US CFTC Finalises Rule on Margin Adequacy and Separate Account Treatment for Futures Commission Merchants

by Theresa Joy Lacatan | Dec 27, 2024 | Blog News, Crypto News

On 20 December 2024, the United States Commodity Futures Trading Commission (US CFTC) published the Final Rule along with a fact sheet outlining requirements for futures commission merchants (FCMs) concerning margin adequacy and the treatment of separate accounts of...