A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.
Perkins Coie continues to grow its blockchain practice with the addition of a former counsel for the CFTC.
CFTC chair Christopher Giancarlo explained how DLT can be used to help the agency more efficiently regulate markets during a speech Wednesday.
CFTC commissioner Rostin Behnam emphasized that regulators must understand distributed ledger tech before regulating it.
Smart contract coders could be held liable for providing predictive "event contracts" on a blockchain, a CFTC commissioner has said.
CFTC Chair Christopher Giancarlo said the cryptocurrency market will mature as institutional investors enter the space.
Bitcoin futures firm 1Broker, which had its website seized after being charged with violating a number of U.S. federal laws, will reopen withdrawals.
Panelists at a CFTC meeting explained that stronger regulations or self-enforcement may help protect crypto investors.
Bitcoin futures trader 1Broker hopes to launch a read-only version of its website in the next few days after being sued by the SEC and CFTC.
The CFTC has filed charges against two individuals for allegedly impersonating the regulator in an effort to defraud bitcoin investors.
