Web3/Crypto news and reports on Federal Newswire

Web3/Crypto News

CFTC clarifies rules on collateral use in foreign markets, unlocking $22 billion
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has released a new interpretation aimed at clarifying the conditions under which futures commission merchants (FCMs) can use customer-owned securities and those purchased with customer funds as...

CFTC seeks nominations for CEO Innovation Council with December 8 deadline
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) is seeking nominations for its CEO Innovation Council, according to an announcement from Acting Chairman Caroline D. Pham.

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CFTC files complaint against two men and company over alleged $1 million futures fraud
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) has filed a complaint in the U.S. District Court for the Eastern District of Michigan against Brian Mitchell of Michigan, Kevin Mack Jr. of Maryland, and their company Young Pros Investment Group LLC...


CFTC secures over $51 million in sanctions for victims of precious metals fraud
Web3/Crypto

A federal court in California has ordered Safeguard Metals LLC and its owner, Jeffrey Ikahn (also known as Jeffrey Santulan and Jeffrey Hill), to pay $25.6 million in restitution to victims and an additional $25.6 million civil monetary penalty...


CFTC grants no-action relief to Structured Finance Association on certain CPO rules
Web3/Crypto

The Commodity Futures Trading Commission’s (CFTC) Market Participants Division has issued a no-action letter to the Structured Finance Association.


Alaska AG Cox corrects Iowa AG Bird’s crypto kiosk litigation: 'You have to go after the bad actors'
Web3/Crypto

Stephen J. Cox, Attorney General for the State of Alaska, said that Alaska's approach to cryptocurrency enforcement should encourage innovation while targeting prosecutions of malicious actors.


CFTC announces resumption of Commitments of Traders reports after shutdown delay
Web3/Crypto

The Commodity Futures Trading Commission (CFTC) announced it will resume publishing its Commitments of Traders (COT) reports on Wednesday, following a pause caused by a lapse in federal government appropriations.


Acting Chairman Pham to deliver keynote at FIA Futures & Options Expo in Chicago
Web3/Crypto

Acting Chairman Caroline D. Pham is scheduled to deliver keynote remarks at the Futures Industry Association’s Futures & Options Expo.


Blockchain Association reveals lineup for fourth annual Policy Summit in Washington
Web3/Crypto

Blockchain Association has announced the initial list of senior government and legislative leaders set to participate in its fourth annual Policy Summit.


Iowa AG Bird on crypto ATM scams: 'Our office is suing CoinFlip and Bitcoin Depot'
Web3/Crypto

Brenna Bird, Attorney General for the State of Iowa, announced her office's efforts in pursuing consumer-protection actions concerning big tech issues.


Senate Agriculture Committee releases draft on digital asset market structure
Web3/Crypto

The Senate Agriculture Committee has released a discussion draft focused on market structure for digital assets.


Senate urged by Coin Center not to remove developer protections from crypto legislation
Web3/Crypto

For several months, Coin Center has advocated for key provisions in the market structure legislation currently under discussion in the U.S. Senate.


Blockchain Association responds to BPI letters on OCC national trust charters
Web3/Crypto

The Blockchain Association has responded to recent correspondence from the Bank Policy Institute (BPI) to the Office of the Comptroller of the Currency (OCC) concerning national trust charters.


Choise.ai founder on crypto kiosk bans: 'Scammers used phones to trick people into using them'
Web3/Crypto

Vladimir Gorbunov, founder of Choise.ai, expressed concerns over crypto ATM bans, suggesting they address symptoms rather than targeting scammers and consumer education.


Dynamic Securities Analytics President on crypto fraud: 'Narrow emphasis on bitcoin ATMs misses the bigger picture’
Web3/Crypto

Alison Jimenez, president of Dynamic Securities Analytics, said that while ATM-enabled scams require action, most cryptocurrency fraud losses can be traced to exchanges.


BakerHostetler Law Partner on Binance founder's pardon: 'NO fraud, NO victims, NO criminal history'
Web3/Crypto

Teresa Goody Guillén, a law partner at BakerHostetler, said that Changpeng "CZ" Zhao's pardon was related to a single compliance-related charge and emphasized that there were no victims or money laundering involved.


CAFE Association Executive Director: CAFE Association will provide 'structure, tools, and credibility' to consumers
Web3/Crypto

Edward Weinhaus, interim founding executive director for the Cryptocurrency Anti-Fraud Education (CAFE) Association, said that the organization aims to assist responsible companies in aligning on shared tools and standards to protect consumers.


CAFE Association opens membership to crypto firms for fraud-prevention coalition
Web3/Crypto

The Cryptocurrency Anti-Fraud Education (CAFE) Association has issued an open call for membership, inviting cryptocurrency companies, kiosk operators, and fintech platforms to join a nationwide fraud-prevention coalition.


Cryptocurrency Anti-Fraud Education Association launches with open membership
Web3/Crypto

The Cryptocurrency Anti-Fraud Education Association (CAFE) has been launched as a nonprofit organization focusing on consumer protection.


Blockchain Association responds to Senate Democrats’ DeFi market structure proposal
Web3/Crypto

Following the release of a market structure proposal on decentralized finance (DeFi) by Senate Democrats, Blockchain Association CEO Summer Mersinger issued a statement expressing concern over the potential impact of the legislation. “The...