Latest News
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...
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.
By Federal Newswire | Apr 5, 2024
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...
By Federal Newswire | Apr 5, 2024
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...
By Federal Newswire | Apr 5, 2024
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.
By Federal Newswire | Apr 5, 2024
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...
By Federal Newswire | Apr 5, 2024
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...
By Federal Newswire | Apr 5, 2024
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...
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.
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.
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...
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...
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...
By Federal Newswire | Mar 27, 2024
Washington, D.C. — CFTC Commissioner Summer K. Mersinger, sponsor of the Energy and Environmental Markets Advisory Committee (EEMAC), has announced that the EEMAC will be convening for a public meeting on Wednesday, April 10 at the University of Missouri – Kansas City in Kansas City, Missouri. The meeting will run from 9:00 a.m. to 12:00 p.m. (CDT) and is open to both in-person and virtual attendance, 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...
By Federal Newswire | Mar 27, 2024
Washington, D.C. (March 27, 2024) – The Blockchain Association's Head of Legal, Marisa Coppel, addressed the recent developments in the legal battle between the Securities and Exchange Commission (SEC) and Coinbase.Coppel stated, “Today’s ruling in the coinbase suit marks an important step toward providing clarity for the U.S. digital asset industry. We are glad to see the Court affirm that tokens alone are not securities and also correct the SEC’s mischaracterization of Coinbase Wallet, finding that this technology does not fall within the U.S. securities laws."She...
By Federal Newswire | Mar 20, 2024
Binance, the world's leading cryptocurrency exchange, has ceased its operations involving the Nigerian naira. Two Binance executives, including an American citizen, were invited to Nigeria for discussions with government officials about the relationship between cryptocurrency and the Nigerian economy. However, these executives were detained in Abuja in late February and are currently under house arrest.
By Federal Newswire News Reports | Mar 20, 2024
Nicholas Anthony, a policy analyst in the Cato Institute’s Center for Monetary and Financial Alternatives, says the Nigerian government, not cryptocurrency, is to blame for devaluation of the naira.
By Federal Newswire | Mar 15, 2024
Professor Yuliya Guseva, director of the Fintech and Blockchain Research Program at the Rutgers Center for Corporate Law and Governance, recently highlighted the need for more comprehensive regulation in the digital asset industry. Speaking to Federal Newswire, she noted that while the cases involving cryptocurrency exchanges Binance and FTX differ, they both underscore this necessity. Guseva said the need for regulations will become more pronounced if crypto adoption continues to grow.
By Federal Newswire | Mar 15, 2024
Professor Steve H. Hanke, an applied economics scholar at The Johns Hopkins University, suggested in a conversation with the Federal Newswire that Nigeria's economic crisis could be mitigated by controlling the growth of the nation's money supply. This advice comes as the Nigerian government attributes the devaluation of its currency, the naira, to the burgeoning cryptocurrency industry.
By Federal Newswire | Mar 14, 2024
Steve H. Hanke, a professor of applied economics at The Johns Hopkins University, has countered the Nigerian government's claim that cryptocurrency is causing harm to the value of the naira. Speaking to the Federal Newswire, Hanke asserted that it is in fact the growth of the naira's money supply that has led to its devaluation.
