Digital Dollar Should Be ‘Actively Explored,’ Says Former CFTC Chairman
Maintaining users' privacy is a key design focus, according to Massad. "We're not China."
U.S.-based traders are able to use virtual private networks designed to mask the country where they are based. Or they simply lie about where they are from.
The St. Vincent-based trading shop did not show up in court to defend itself against CFTC allegations.
Miller served as legal counsel to SEC Chairman Gary Gensler, when Gensler was at the CFTC.
The SEC could use the ETF approval process to improve trading integrity on crypto exchanges, said Timothy Massad.
Federal law "does not contain any exception" for decentralized finance markets, Dan Berkovitz said.
A U.S. district court entered a default judgment against an Australian citizen residing in the U.S. and a Nevada corporation for a cryptocurrency fraud and misappropriation scheme, the Commodity Futures Trading Commission said Thursday.