A Connecticut-based commodities firm settled CFTC charges for trading on misappropriated material non-public information.
News & Insights
The DOJ, OFAC, FinCEN and the CFTC settled enforcement actions against Binance, its CEO and former CCO. The coordinated settlements addressed charges against the digital asset exchange for CFTC registration failures and for violations of the Bank Secrecy Act and International Emergency Economic Powers Act sanctions programs.
Senate Banking Committee Chair Sherrod Brown (D-OH) pressed Treasury, the SEC and the CFTC to take further action to remedy disclosure deficiencies associated with digital asset tokens and digital asset platforms.
Strengthening Democracy Task Force Co-Chair John Sarbanes (D-MD) and Representative Jamie Raskin (D-MD) urged the CFTC to reject a "congressional control event contract proposal" which would allow individuals to bet on a political party’s control in Congress.
House Financial Services Subcommittee Chair French Hill (R-AR), House Agriculture Committee Chair Glen "GT" Thompson (R-PA) and House Agriculture Subcommittee Chair Dusty Johnson (R-SD) introduced legislation to authorize the SEC and the CFTC to establish a registration framework for digital assets and support further research on emerging technologies.