Archive | CFTC

U.S. Govt. Crypto Subcommittee Hearing: “Poor or Rushed Policy in Cryptocurrencies Threatens Our Reputation in Finance and Technology”

Today, under Chairman Rep. Bill Huizenga of Michigan, the Subcommittee on Capital Markets, Securities, & Investment held a hearing (watch it here on Youtube) entitled “Examining the Cryptocurrencies and ICO Markets.” The primary focus of the hearing was to further facilitate dialogue between crypto-industry insiders and lawmakers. Hearing: Subcommittee on Capital Markets, Securities, & Investment After an […]

US Judge Rules Cryptocurrencies are Commodities

U.S. District Judge Jack Weinstein in Brooklyn ruled that the Commodity Futures Trading Commission (CFTC) has standing to regulate cryptocurrencies as commodities. The financial watchdog first determined that virtual currencies are commodities in 2015. Cryptocurrencies are commodities The ruling gives the CFTC the needed authority to bring a fraud lawsuit against Patrick McDonnell, a New York resident charged […]