Web3/Crypto news and reports on Federal Newswire

Commissioner Kristin N. Johnson, a Commissioner at the Commodity Futures Trading Commission (CFTC), delivered keynote remarks at the NYU AI Convening on the integration of AI in financial markets. Johnson emphasized the potential benefits and risks associated with AI in financial markets, stating, "While the use of AI in financial markets may hold the potential for substantial benefits, such use may also introduce unprecedented risks concerning market integrity, customer protection, governance, data privacy, bias, and cyber threats."Johnson highlighted her advocacy for...

CFTC Appoints Christopher Skinner as Inspector General

The Commodity Futures Trading Commission (CFTC) has announced the appointment of Christopher L. Skinner as the CFTC’s Inspector General. According to the official announcement, Mr. Skinner brings 15 years of IG experience to his new role, including leading and managing Offices of Inspectors General and conducting various investigative tasks.Mr. Skinner's previous experience includes serving as the Inspector General at the Federal Election Commission (FEC) since 2019. During his tenure at the FEC, he managed a significant budget and oversaw the day-to-day operations of the...

CFTC’s Energy and Environmental Markets Advisory Committee Gathers in Kansas City for Crucial Meeting

The Energy and Environmental Markets Advisory Committee (EEMAC) is set to convene on April 10, 2024, at the University of Missouri – Kansas City in Kansas City, Mo. The meeting, sponsored by CFTC Commissioner Summer K. Mersinger, will run from 9:00 a.m. to 12:00 p.m. (CDT) and is open to the public both in person and virtually, space permitting.Commissioner Mersinger highlighted the focus of the upcoming meeting, stating, “The last few EEMAC meetings focused on the metal and mineral markets and the crucial role of those commodities in the transition to renewable energy. I...

Commissioner Goldsmith Romero to Speak on Responsible AI at Harvard Business School

Commissioner Christy Goldsmith Romero will speak at the Institute for Business in Global Society on Tackling the Challenges of Responsible AI at Harvard Business School. The event is scheduled for Wednesday, April 10, 2024, at 4:30 p.m. (EDT) at the Institute for Business in Global Society, Harvard Business School, Boston, MA 02163.

Commissioner Johnson to Deliver Keynote at AI Civil and Human Rights Policy Roundtable and Book Workshop

Commissioner Kristin N. Johnson will deliver the opening keynote at AI Civil Rights and Human Rights: Visioning the Future of Rights in AI Governance, an AI Civil and Human Rights Policy Roundtable and Book Workshop, in dialogue with Professor Catherine Powell, Senior Advisor at the White House Gender Policy Council. The discussion will be moderated by Charlton McIlwain, NYU Vice Provost for Faculty Development, Pathways & Public Interest Technology.The event is hosted by NYU’s Center for Critical Race & Digital Studies, the NYU Alliance for Public Interest Technology,...

Commissioner Pham to Speak at HSBC Global Investment Summit

By Federal Newswire | Apr 9, 2024

Commissioner Caroline D. Pham is set to take part in the upcoming HSBC Global Investment Summit where she will be speaking on a panel focusing on "The New World of Digital Assets." The event is scheduled to take place on Tuesday, April 9, 2024, at 2:30 p.m. in Hong Kong (GMT+8) or 2:30 a.m. in the USA (EDT).The summit will be held at the Grand Ballroom Level LL, Conrad Hong Kong, 88 Queensway, Hong Kong. Those interested in attending can find additional information on the HSBC Global Investment Summit.

Commissioner Johnson Announces CFTC Market Risk Advisory Committee Meeting on April 9

By Federal Newswire | Apr 9, 2024

CFTC Commissioner Kristin N. Johnson has announced the Market Risk Advisory Committee (MRAC) will convene a public meeting on Tuesday, April 9 from 9:30 a.m. to 12:30 p.m. (EDT) at the CFTC's Washington, D.C. headquarters.Commissioner Johnson expressed, "At each meeting over the last two years, the MRAC has advanced a series of recommendations and reports on several of the most critical issues facing our markets. Consistent with the MRAC’s mission, the diverse stakeholders on the MRAC Subcommittees have considered critical issues, highlighted systemic risk concerns, and...

Columbia Business School adjunct professor on Bankman-Fried sentencing: 'If anything, it should have been a longer sentence'

By Federal Newswire | Apr 8, 2024

Austin Campbell, an adjunct professor at Columbia Business School and former chief risk officer at Paxos, has described the 25-year prison sentence handed to FTX Founder and former CEO Sam Bankman-Fried as "a fair and just outcome." Campbell's remarks were made in a post dated March 28 on X.

Commissioner Pham to Speak at The George Washington University’s Belva Lockwood Society Award Luncheon

Commissioner Caroline D. Pham has been selected as the recipient of the 2024 Belva Lockwood Award by The George Washington University Law School and Law Association for Women. The prestigious award will be presented to Commissioner Pham at The George Washington University’s Belva Lockwood Society Award Luncheon.The event is scheduled to take place on Friday, April 5, 2024, at 12:00 p.m. (EDT) at The George Washington University Law School FCC (5th Floor) located at 716 20th Street, NW, Washington, DC 20052. Additional information about the event can be found on The Belva...

Blockchain Association Stands Up for Tornado Cash Developers in DOJ Case

Washington, D.C. (April 5, 2024) – The Blockchain Association (BA) has taken a stand in the legal battle between the United States Department of Justice and Tornado Cash developers Roman Storm and Roman Semenov by filing an amicus brief in United States v. Storm.The amicus brief filed by the Blockchain Association highlights concerns about the indictment filed against the Tornado Cash developers. The brief asserts that the prosecution has failed to sufficiently plead facts supporting its unlicensed money transmitter charge. According to the Blockchain Association, the...

Amicus Curiae Supports Roman Storm’s Motion to Dismiss

In a recent development, an amicus curiae has stepped forward in support of Roman Storm's Motion to Dismiss. The document, titled "Amicus Curiae In Support of Roman Storm’s Motion to Dismiss," was released on April 5, 2024.

Commissioner Johnson Announces Agenda for April 9 Market Risk Advisory Committee Meeting

CFTC Commissioner Kristin N. Johnson has revealed the agenda for the upcoming Market Risk Advisory Committee (MRAC) public meeting scheduled for April 9 in Washington, D.C. The meeting aims to consider recommendations designed to enhance market resilience and improve central counterparty wind-down procedures. Commissioner Johnson emphasized that these recommendations align with critical reforms implemented post the financial crisis to enhance market integrity and stability.During the meeting, the MRAC will delve into a formal report on the state of intermediated clearing...

Coin Center Files Court Brief in Defense of Tornado Cash Developer

Coin Center, a leading nonprofit focused on the policy issues facing cryptocurrencies and decentralized technologies, has filed an amicus brief in defense of the Tornado Cash developer, Roman Storm. The brief, submitted in the Southern District of New York, aims to provide clarity on the nature of Tornado Cash and the legal implications surrounding its use.According to Coin Center, the prosecution's description of Tornado Cash has been vague and prejudicial. In their brief, Coin Center states, "We help the court cut through the vague and prejudicial description of Tornado...

Chairman Behnam Announces Agenda for April 11 Agricultural Advisory Committee Meeting in Overland Park, KS

Washington, D.C. — Chairman Rostin Behnam, sponsor of the Agricultural Advisory Committee (AAC), today provided further insight on planned discussion topics for the upcoming AAC meeting. The public meeting will be held on April 11 from 9:30 a.m. to 11:00 a.m. (CDT) at the Sheraton Overland Park Hotel in Overland Park, KS. Members of the public will also have the option to attend virtually.“Ongoing climate and geo-political issues affecting our nation’s farmers and ranchers underscore the importance of access to capital as well as tools for hedging, financing, and managing...

Trust Wallet CEO: Binance executive's 'detention in Nigeria is a crisis'

By Federal Newswire | Apr 4, 2024

Eowyn Chen, the Chief Executive Officer of digital asset self-custody platform Trust Wallet, has described the detention of Tigran Gambaryan, the head of financial crime compliance at cryptocurrency exchange Binance, as a "crisis." Chen made this statement in a post on March 31.

Digital Chamber urges Biden to intervene in Nigeria’s detainment of Binance’s Gambaryan

By Federal Newswire | Apr 4, 2024

The Digital Chamber, a leading blockchain and cryptocurrency association, is calling on President Biden to address the detention of U.S. citizen Tigran Gambaryan in Nigeria. Gambaryan, who serves as the head of Binance’s Financial Crime Compliance department, was detained along with a colleague by Nigerian authorities in February without charges.

Commissioner Johnson Announces CFTC Market Risk Advisory Committee Meeting on April 9

By Federal Newswire | Apr 3, 2024

CFTC Commissioner Kristin N. Johnson has disclosed that the Market Risk Advisory Committee (MRAC) will convene for a public meeting on April 9. Johnson expressed the committee's dedication to addressing critical issues within the markets, stating, "At each meeting over the last two years, the MRAC has advanced a series of recommendations and reports on several of the most critical issues facing our markets."The upcoming meeting aims to provide valuable insights and recommendations to reinforce the stability of the U.S. financial system. Topics on the agenda include...

CFTC Orders Australian Swap Dealer to Pay $500,000 for Supervision Failures

By Federal Newswire | Apr 2, 2024

Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Australia and New Zealand Banking Group Ltd. (ANZ), a financial services firm provisionally registered as a swap dealer for violating its supervision obligations for failing to ensure its spoofing surveillance tool was operating effectively.During the course of a CFTC investigation into ANZ’s trading activity, ANZ disclosed to CFTC staff that a surveillance tool ANZ used to monitor for spoofing activity by its traders was not operating...

Chairman Behnam to Keynote at the 2024 Spring National Agricultural Credit Conference

By Federal Newswire | Mar 28, 2024

Chairman Rostin Behnam has been announced as the keynote speaker for the upcoming Spring National Agricultural Credit Conference (NACC). The event organizers revealed that Behnam will address the audience on "Emerging Risks in Commodity Markets."The conference is scheduled to take place on Thursday, March 28, 2024, from 8:30 a.m. to 9:00 a.m. (ET) at the American Bankers Association Headquarters in the Hamilton Conference Room located at 1333 New Hampshire Avenue, NW, Washington, DC 20036.Behnam's keynote presentation on the emerging risks in commodity markets is...