Latest News
By Federal Newswire | Apr 17, 2024
Commissioner Goldsmith Romero is set to participate in the European Securities and Markets Authority’s roundtable hosted by Georgetown University Law Center on April 17, 2024. The event will take place at Georgetown University Law Center in Washington, DC from 3:15 p.m. to 4:30 p.m. (EDT).The participation of Commissioner Goldsmith Romero in this roundtable signifies a significant collaboration between regulatory bodies and academic institutions. This event will provide a platform for dialogue and discussion on important issues within the financial and securities sectors....
By Federal Newswire | Apr 17, 2024
Commissioner Caroline D. Pham is scheduled to participate in a fireside chat on recent CFTC developments and policy agenda. The event is set to take place at Steptoe LLP in Washington, D.C. on Wednesday, April 17, 2024, at 3:00 p.m. (EDT).The event, hosted by the D.C. Bar and Steptoe LLP, will feature a discussion with Commissioner Pham, providing insights into the latest developments and the policy agenda of the Commodity Futures Trading Commission (CFTC).According to event information, there will be an opportunity for networking during the fireside chat with...
By Federal Newswire | Apr 15, 2024
Washington, D.C. — The Commodity Futures Trading Commission today announced the entry of a consent order in the U.S. District Court for the Eastern District of California imposing restitution and a civil monetary penalty against Eshaq M. Nawabi, d/b/a/ Nawabi Enterprise, and Hyperion Consulting Inc. The order requires the defendants to pay $4.5 million in restitution to victims of the fraud and a $4.5 million civil monetary penalty. According to the CFTC, "Today’s order fully resolves the CFTC action filed on April 26, 2022."The CFTC also emphasized the challenges in...
By Federal Newswire | Apr 15, 2024
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and the Department of State's Diplomatic Security Service (DSS) have jointly issued a Notice to financial institutions regarding the increasing use of counterfeit U.S. passport cards in identity theft and fraud schemes.FinCEN Director Andrea Gacki expressed gratitude for the partnership with DSS, stating, "FinCEN appreciates our partnership with DSS to highlight what is a concerning increase in the use of U.S. passport cards by illicit actors to impersonate and defraud individuals at...
By Federal Newswire | Apr 15, 2024
Chairman Rostin Behnam is set to address global regulatory priorities at the upcoming ISDA’s 38th Annual General Meeting. The event is scheduled for Tuesday, April 16, 2024, from 3:50 p.m. to 4:15 p.m. (Tokyo time) at the Grand Hyatt in Tokyo, Japan. Following Behnam's remarks, a question and answer session will take place, allowing attendees to engage further with the discussion on global regulatory priorities within the financial sector. The meeting promises to be an insightful gathering, providing valuable insights into the current regulatory landscape and potential...
By Federal Newswire | Apr 15, 2024
Nicholas Anthony, a policy analyst at the Cato Institute's Center for Monetary and Financial Alternatives, stated that the Nigerian government is "looking for anything other than its own actions to blame" for the fall of the naira. He suggested that they have "somehow named Binance as the culprit," resulting in the detention of two Binance employees. Anthony shared his statement on the Cato Institute's website on April 11.
By Federal Newswire | Apr 15, 2024
Henri Arslanian, co-founder and managing partner of the cryptocurrency-focused hedge fund Nine Blocks Capital Management, has expressed concern over the detention of Tigran Gambaryan, an American citizen and Binance employee. According to a post made by Arslanian on March 30, Gambaryan, who is also a former U.S. federal agent, "has dedicated his life to fighting crime and upholding the rule of law" and must be repatriated.
By Federal Newswire | Apr 11, 2024
Dante Disparte, the Chief Strategy Officer and Head of Global Policy at Circle, a financial technology firm and stablecoin issuer, has stated that the majority of "illicit" cryptocurrency activities involve a small number of "entities, products or other services." Disparte made these comments in an opinion piece titled "Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do," published by CoinDesk.
By Federal Newswire | Apr 11, 2024
Chairman Rostin Behnam delivered the opening remarks at the CFTC and the Center for Risk Management Education and Research (CRMER) at Kansas State University AgCon 2024 on April 11, 2024. Behnam expressed his pride in leading the return of the conference, emphasizing the importance of engaging with agricultural stakeholders to find solutions for America's farmers and ranchers.Highlighting the role of futures markets during challenging times, Behnam acknowledged the impact of external factors on commodity markets, such as supply chain breakdowns and geopolitical risks....
By Federal Newswire | Apr 11, 2024
The Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the District of Nevada has sanctioned Daniel Shak of Las Vegas, Nevada, for engaging in spoofing and manipulative schemes in the gold and silver futures markets. The court entered a consent order on April 9, resolving the charges brought against Shak by the CFTC.According to the CFTC, Shak has been imposed with a $750,000 civil monetary penalty and is permanently prohibited from trading in commodity interests or registering with the CFTC in any capacity. Additionally, he is required...
By Federal Newswire | Apr 11, 2024
Ian McGinley, a prominent figure in regulatory compliance, addressed the New York City Bar Association Futures and Derivatives Committee Conference. McGinley expressed gratitude for the opportunity to speak to members of the derivatives bar, emphasizing the importance of self-reporting in regulatory matters.McGinley highlighted the significance of self-reporting as a means to uncover misconduct that may go unnoticed otherwise. He stressed that self-reporting not only reveals specific wrongdoing but also acts as a deterrent to future misconduct. McGinley acknowledged the...
By Federal Newswire | Apr 10, 2024
Senators Thom Tillis (R-NC) and Bill Hagerty (R-TN) released the Ensuring Necessary Financial Oversight and Reporting of Cryptocurrency Ecosystems (ENFORCE) Act as a proposed solution to the U.S. Treasury’s inquiry into stronger legislation to address digital asset anti-money laundering and more secure treatment of digital assets.
By Federal Newswire | Apr 10, 2024
Chairman Rostin Behnam will be taking part in a lecture at the University of Chicago Law School on April 10, 2024. The event is scheduled to take place from 5:00 p.m. to 6:00 p.m. (CT) and 6:00 p.m. to 7:00 p.m. (ET) at the University of Chicago School of Law, located at 1111 East 60th Street, Room C in Chicago, Illinois.Behnam's participation in the lecture at the prestigious law school is anticipated to be insightful and informative. This event provides an opportunity for students, faculty, and attendees to engage with Chairman Behnam on various legal and regulatory...
By Federal Newswire | Apr 10, 2024
Leo Schwartz, author of the Fortune Crypto Proof of State newsletter, has expressed concern over the "non-response from the U.S. government" regarding the detention of U.S. citizen and Binance employee, Tigran Gambaryan, in Nigeria. Schwartz made these remarks in his April 4 newsletter.
By Federal Newswire | Apr 10, 2024
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...
By Federal Newswire | Apr 10, 2024
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...
By Federal Newswire | Apr 10, 2024
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...
By Federal Newswire | Apr 10, 2024
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.
By Federal Newswire | Apr 10, 2024
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,...
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.
