CFTC
CFTC Chairman Suggests ‘Pause’ to Review Senate Bill Following FTX Collapse
CFTC Chairman Rostin Behnam testified before the Senate Agriculture Committee in the first of several congressional hearings on FTX and said his agency couldn't have prevented the collapse because FTX wasn't an entity regulated by CFTC. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the hearing and why Chairman Behnam asked lawmakers to “take a pause” and overhaul the crypto bills. Plus, the significance of the Digital Commodities Consumer Protection Act (DCCPA).
Should Crypto Should Be Subject to Banking Regulations? CFTC Chair Weighs In
In a hearing with the Senate Committee on Agriculture, Nutrition and Forestry, CFTC Chairman Rostin Behnam addresses questions on whether crypto should be regulated like a bank. Plus, he addresses the growing need for faster regulation, saying "I don't have the luxury to sit back [because] whether it's in the U.S. or off shore, no matter what [crypto] markets are going to exist."
CFTC Chair: Crypto Contagion Has No Direct Impact on Financial Stability
In a hearing with the Senate Committee on Agriculture, Nutrition and Forestry, CFTC Chairman Rostin Behnam weighs in on the FTX collapse, noting that the crisis in crypto has "no direct impact on [broader] financial stability." But, he adds, "we can't just assume things will remain the same."
CFTC Commissioner on Crypto Regulation: The Path Forward Is Joint Rule-Making With SEC
CFTC Commissioner Summer K. Mersinger discusses a collaborative "path forward" with the Securities and Exchange Commission (SEC) for crypto regulation, following the bankruptcy filing of crypto lender BlockFi amid the ongoing FTX fallout. "We're adults, we're professionals. We can sit in a room and figure out how to clarify who has jurisdiction where."
CFTC Commissioner on FTX Collapse: Not Anything We Could've Done
Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger discusses the impact of FTX's collapse on regulating crypto and the agency's legislative oversight of the spot markets. "It's not anything we could've done under our existing rules."
CFTC Commissioner on Crypto Regulation Outlook Amid FTX Contagion
Commodity Futures Trading Commission (CFTC) Commissioner Summer K. Mersinger discusses her outlook for the U.S. crypto regulatory landscape and the CFTC's role as BlockFi becomes the latest crypto firm to file for Chapter 11 bankruptcy protection following FTX's collapse.
CFTC Chair Says FTX Direct Clearing Plan Was Far From Being Approved
The U.S. Commodity Futures Trading Commission was nowhere close to making a decision on a controversial FTX plan to streamline financial market structure rules, which were proposed before the crypto exchange went bust, CFTC Chairman Rostin Behnam said Monday. "The Hash" panel discusses the latest developments in the crypto regulatory space.
Regulatory Gap Limiting CFTC's Crypto Purview: Commissioner Johnson
CFTC Commissioner Kristin N. Johnson discusses her take on FTX's downfall and whether U.S. regulators might probe Sam Bankman-Fried, the head of a non-U.S. entity, the way they did former BitMEX CEO Arthur Hayes. "We are vigorously enforcing any instances where we can," Johnson said. "There is a regulatory gap ... that really limits our ability."
CFTC Commissioner Addresses FTX Fallout
Following the fallout of FTX, "there may be an impetus to do something," CFTC Commissioner Kristin N. Johnson said. "I'm hopeful that Congress will take up the questions that we've described ... and close the regulatory gap, giving clear direction to the SEC and the CFTC."
CFTC Commissioner on FTX Fallout, Crypto Regulation Outlook
Reacting to the U.S. Department of Justice reportedly probing crypto exchange FTX after its apparent collapse, CFTC Commissioner Kristin N. Johnson discusses her take on the fallout of FTX and the lessons learned, and how it could shape the future crypto regulation.
