In a joint statement, the CFTC, FinCEN and the SEC reminded those engaged in digital asset transactions to comply with anti-money laundering and countering the financing of terrorism obligations under the Bank Secrecy Act.
An SEC and CFTC joint proposal to (i) lower the minimum customer margin requirement for security futures and (ii) revise the margin offset table consistent with the proposed reduction was published in the federal register.
The SEC and CFTC requested comment on a proposal to reduce the margin requirement for an unhedged security futures position and to align the margin offset table for security futures with the reduced margin requirements.
A proposal by the FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, the SEC and the CFTC to exclude certain community banks from the Volcker Rule was published in the Federal Register.
Federal regulators proposed amendments to (i) exclude certain community banks from the Volcker Rule and (ii) allow banking entities to share a name with a hedge fund or private equity fund under certain circumstances.
In a joint statement, SEC Chair Jay Clayton and CFTC Chair J. Christopher Giancarlo said that their agencies have not interpreted joint rulemaking to be necessary with respect to the de minimis exception to the swap dealer definition.
The SEC and CFTC filed separate charges against the operator of an online trading platform and its CEO for violating several federal securities and commodities exchange laws in connection with swaps and security-based swaps funded with bitcoins.