CFTC Claims ‘Massive Fraudulent’ Scheme Defrauded Investors of $20M
The CFTC alleged three individuals and affiliated entities defrauded crypto and binary options investors out of $20 million over 5 years.
The commission’s technology advisory committee made several presentations on various blockchain applications including CBDCs and digital tokens during a four-hour-long remote meeting last Thursday.
The financial regulators both found fault with Abra offering security-based swaps without first checking to see whether investors were eligble.
Perfection shouldn’t be the enemy of good when it comes to regulating the cryptocurrency space, said Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert.
The U.S. commodities regulator has a four-year plan for fostering responsible innovations in the crypto asset space.
ErisX is launching physically settled ether futures contracts, it announced Monday.