“DeFi presents unique challenges to both builders and regulators, and Polymarket remains committed to working with regulators to ensure that the rules currently governing digital assets and DeFi are sufficiently clear, allow for innovation in the United States, and protect individuals’ interests and the integrity of U.S. markets,” Polymarket said in its statement. “We remain … [Read more...] about Polymarket’s CFTC Fine Hints at DeFi Regulation Roadmap
CFTC
CFTC Fines Crypto Betting Service Polymarket $1.4M for Unregistered Swaps
Polymarket cooperated with the investigation, according the CFTC’s press release, leading to a reduced fine. The company will stop offering markets by Jan. 14, 2022 and commit to making all funds available to users by Jan. 24, according to the order. Polymarket will also cease and desist any further violations of the CEA, though it does not appear the company itself will be … [Read more...] about CFTC Fines Crypto Betting Service Polymarket $1.4M for Unregistered Swaps
CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto Firms: Report
Policy“What I discourage here at the CFTC is bringing enforcement actions without giving [crypto firms] the tools they need to be compliant.” Stump said.By Jamie CrawleyDec 8, 2021 at 9:42 a.m. UTCUpdated Dec 8, 2021 at 9:42 a.m. UTCCFTC (Shutterstock) Source link … [Read more...] about CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto Firms: Report
FTX US Hires Former CFTC Commissioner as Head of Policy and Regulation
Wetjen will be responsible for FTX US’s communications with U.S. regulatory and legislative bodies, such as the CFTC, the Securities and Exchange Commission (SEC) and various House and Senate Committees. He will also be advising FTX US on its compliance standards and reporting operations. Source link … [Read more...] about FTX US Hires Former CFTC Commissioner as Head of Policy and Regulation
The CFTC vs. the Truth
The U.S. Commodity Futures Trading Commission (CFTC) has neither confirmed nor denied a report that it’s investigating a popular Ethereum-based betting market. But you’re free to place bets on the likelihood of such a probe on the platform at the center of the kerfuffle, Polymarket.Founded in March 2020, Polymarket allows a wide range of individuals to place bets on the … [Read more...] about The CFTC vs. the Truth