CFTC Chair J. Christopher Giancarlo called on EU regulators to "commit to an equivalence determination process that focuses on achieving comparable regulatory outcomes and not rule-by-rule exactitude."
A U.S. District Court determined that "the CFTC's antifraud authority unambiguously applies broadly to the use or attempted use of any manipulative or deceptive device in connection with a contract of sale of any commodity in interstate commerce, including the virtual currencies at issue."
CFTC Chair J. Christopher Giancarlo reasserted the "obligation of futures exchanges to ensure that virtual currency futures are not susceptible to manipulation, and of futures clearinghouses to ensure that such products are adequately risk managed."
U.S. Senate Agriculture Committee Chair Pat Roberts and Ranking Member Debbie Stabenow expressed support for CFTC Chair Giancarlo's strong commitment to the CFTC-European Commission Equivalence Agreement.
CME Group, CBOE Futures Exchange and the Cantor Exchange have "self-certified" new bitcoin products. The CFTC released a fact sheet on the process and promised cooperation with the NFA in monitoring bitcoin futures-related activity.
CFTC Commissioner Brian Quintenz discussed the implications of listing bitcoin futures products, keeping pace with technological developments and the importance of international regulatory cooperation.