Latest Commodity Futures Trading Commission News: Finextra Research

FDIC says banks don't need prior approval for crypto activities

US banks no longer need to receive prior approval before engaging in crypto-related activities, says the Federal Deposit Insurance Corporation.

31 March 2025

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JP Morgan to pay $100m for client order monitoring failures

JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.

27 May 2024

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CFTC takes aim at ID discovery in DeFi

The Commodity Futures Trading Commission (CFTC) is urging policymakers to address identity issues in Decentralized Finance (DeFi) operations.

09 January 2024

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More banks pay multi-million dollar penalties over WhatsApp use

Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.

08 August 2023

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CFTC sues Gemini over 'false statements' relating bitcoin futures plan

The Commodity Futures Trading Commission (CFTC) has sued Gemini Trust accusing the crypto exchange of false statements relating to the self-certification of a bitcoin futures product.

03 June 2022

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JPMorgan Chase fined $200 million for conducting business on WhatsApp

JPMorgan Chase has received a $125 million penalty from the Securities and Exchange Commission (SEC), for allowing Wall Street employees to use apps including WhatsApp to get around US federal record-keeping laws.

20 December 2021

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CFTC hits Tether and Bitfinex with fines totalling $42.5m

Tether has been hit with a $41 million penalty from the Commodity Futures Trading Commission over misleading claim that its stablecoin was fully backed by US dollars. Separately, the CFTC has fined sister company Bitfinex $1.5 million for illegal transactions.

18 October 2021

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Citi penalised for system design flaw that scrubbed millions of audio files

Citibank has been fined $4.5 million by the Commodity Future Trading Commission (CFTC) for a design flaw which led to the deletion of millions of audio files, including recordings which had been subpoenaed.

29 September 2020

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US shutdown impacts fintech market

The ongoing shutdown of the US government, sparked by a disagreement over funding for border security, is starting to impinge on the US fintech industry, according to reports.

11 January 2019

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Chairman warns CFTC is years behind on blockchain

The chairman of the Commodity Futures Trading Commission has lamented laws that prevent it from working with outside entities on research into areas such as blockchain, warning that the barriers are leaving it years behind regulators in other countries.

26 July 2018

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US judge says cryptocurrencies are commodities

US lawmakers continue to wrestle with how to approach cryptocurrencies, as a federal judge says the likes of bitcoin can be treated as commodities by the CFTC, FinCEN says money transmitter rules apply to ICOs, and Wyoming's state legislature clears a bill exempting some crypto assets from securities laws.

07 March 2018

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CFTC commissioner: plans to seize algo trading source code are 'D-E-A-D'

The Commodity Futures Trading Commission (CFTC) is killing off controversial plans to seize algorithmic traders' source code.

05 October 2017

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