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SEC And CFTC Enforcement Priorities Under The New Administration - Corporate/Commercial Law

To print this article, all you need is to be registered or login on Mondaq.com. The Biden Administration has moved quickly to nominate new leadership at the Securities and Exchange Commission ("SEC" or "Commission"). President Biden, in a move that provides insight into his priorities and the approach his administration will pursue with regard to regulatory action, has nominated former Commodity Futures Trading Commission ("CFTC") Chairman Gary Gensler to lead the SEC. M...
United States Democratic Republic Of The Congo Toddc Frankel Michael Piwowar Allison Herren Tom Zanki
Source: mondaq.com

CFTC Virtual Currency Enforcement Action Trends 2015–Q2 2020

Monday, December 21, 2020 Executive Summary As one of the regulators engaged in the cryptocurrency space, the U.S. Commodity Futures Trading Commission (CFTC) has been bringing enforcement actions against virtual currency market participants, including traders, issuers, exchanges, and service providers. From January 1, 2015, to June 30, 2020, the CFTC brought 19 such actions. Of the 19 actions between 2015 and Q2 2020, 14 were litigated in U.S. district courts. The other five were res...
New York United States District Of Columbia United Kingdom Naomi Reice Buchwald Michael Kruger

CFTC Regulatory Approach to Virtual Currencies

Monday, December 21, 2020 Virtual Currencies as Commodities In recent years, the U.S. Commodity Futures Trading Commission (CFTC or the Commission) has taken a role as one of the regulators of cryptocurrency in the United States. In this article, we review the CFTCโ€™s regulatory and enforcement approach in this space. In December 2014, the CFTC stated that virtual currencies are encompassed under the definition of a โ€œcommodityโ€ in the Commodity Exchange Act (CEA), and thus subjec...
New York United States White House District Of Columbia Stephanie Avakian Bitcoin Ponzi

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