🚨 Big News in Crypto Regulation! 🚨
CFTC Chairman Behnam announces that an Illinois court has officially classified Bitcoin and Ethereum as digital commodities under the Commodity Exchange Act! 🎉 This significant ruling places $BTC and $ETH under CFTC jurisdiction, contrasting SEC Chairman Gensler's view that 70-80% of cryptocurrencies are securities.
Behnam's call for legislative measures to enhance CFTC oversight and investor protections shows a proactive approach to balancing regulation and innovation. This decision sets a precedent for the future and could boost market confidence and growth.
Stay tuned as we navigate this exciting and evolving DeFi landscape! 🌐💡 #Crypto #Bitcoin #Ethereum #Regulation #CFTC #SEC #DeFi
https://coinpedia.org/news/cftc-chairman-declares-btc-and-eth-are-not-securities/
CFTC Chairman Behnam announces that an Illinois court has officially classified Bitcoin and Ethereum as digital commodities under the Commodity Exchange Act! 🎉 This significant ruling places $BTC and $ETH under CFTC jurisdiction, contrasting SEC Chairman Gensler's view that 70-80% of cryptocurrencies are securities.
Behnam's call for legislative measures to enhance CFTC oversight and investor protections shows a proactive approach to balancing regulation and innovation. This decision sets a precedent for the future and could boost market confidence and growth.
Stay tuned as we navigate this exciting and evolving DeFi landscape! 🌐💡 #Crypto #Bitcoin #Ethereum #Regulation #CFTC #SEC #DeFi
https://coinpedia.org/news/cftc-chairman-declares-btc-and-eth-are-not-securities/
CoinPedia
Win for Crypto! CFTC Chairman Declares Bitcoin & Ethereum NOT Securities
Bitcoin and Ethereum are often seen as groundbreaking technologies, and recent developments have reinforced their importance in the financial world. At a
Top #CryptoNews of This Week
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
1️⃣ Putin signed a law legalizing #cryptomining in Russia, effective ten days after publication
2️⃣ On August 5, the global market crash led to $1.022B in #crypto liquidations
3️⃣ #Crypto executives spoke with the White House as Democrats launched the “Crypto for Harris” campaign
4️⃣ BoJ Deputy Governor Uchida stated no rate hikes amid #financial market instability, yen dropped
5️⃣ U.S. Judge fined #Ripple $125M for securities law violations, reducing SEC's demand significantly
6️⃣ U.S. Judge approved a $12.7B settlement between #FTX and #CFTC, resolving the lawsuit.
7️⃣ Paris Olympic venues and French museum shops were hit by cyberattacks demanding #cryptocurrency ransoms.
8️⃣ Plustoken transferred over $450 million in ETH, with stolen funds now worth $1.9 billion.
9️⃣ #BitcoinETF options might launch in Q4; BlackRock applied for Ethereum Spot ETF options.
🔟 #OKX announced account terminations for users interacting with #TornadoCash or sanctioned entities.
Coinbase Battles for Clarity!
#SEC vs. #Coinbase: The Battle for #Crypto Clarity!
Can Coinbase Turn #CFTC Documents into Legal Gold?
Click Below 👇👇
https://coinpedian.substack.com/p/coinbase-challenges-cftc
#SEC vs. #Coinbase: The Battle for #Crypto Clarity!
Can Coinbase Turn #CFTC Documents into Legal Gold?
Click Below 👇👇
https://coinpedian.substack.com/p/coinbase-challenges-cftc
Substack
Coinbase Challenges CFTC
Coinbase Pushes CFTC for Transparency in SEC Lawsuit
Top 10 Crypto Lawsuit Settlements
➡️ The #CFTC reached a record $12.70 billion settlement with #FTX and #Alameda, the largest in #Crypto history as of August 2024
➡️ Celsius, Terraform Labs, and Binance are also facing significant fines as part of this crackdown.
#CoinPedia #CryptoCommunity #Lawsuits #Blockchain
➡️ The #CFTC reached a record $12.70 billion settlement with #FTX and #Alameda, the largest in #Crypto history as of August 2024
➡️ Celsius, Terraform Labs, and Binance are also facing significant fines as part of this crackdown.
#CoinPedia #CryptoCommunity #Lawsuits #Blockchain
The #CFTC has issued a notice enabling listing options for spot #BitcoinETFs.
#CoinPedia #CryptoNews #Blockchain #Bitcoin
Source: https://www.cftc.gov/PressRoom/PressReleases/9008-24
#CoinPedia #CryptoNews #Blockchain #Bitcoin
Source: https://www.cftc.gov/PressRoom/PressReleases/9008-24