News with the tag "CFTC Lawsuit"

FTX settles with CFTC for $12.7 Billion over 2022 collapse, paying $4B in disgorgement and $8.7B in restitution. The settlement aims to resolve Chapter 11 bankruptcy and facilitate creditor repayment. CFTC Chair warns regulatory framework is still vulnerable to similar collapses as FTX. Bankrupt dig...

The Commodity Futures Trading Commission (CFTC) has launched an investigation into the Chicago-based trading firm Jump’s participation in the crypto market, focusing on its trading and investment activities, according to an undisclosed source familiar with the matter, as reported by Fortune Magazine...

The Commodity Futures Trading Commission (CFTC) has taken action against crypto brokerage firm Falcon Labs, a company based in the Seychelles, for failing to register as a futures commission merchant (FCM) in the US. Interestingly, this marks the CFTC’s first enforcement action against an unregister...

On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal precedent. This decisi...