Bart Chilton, former head of the US derivatives regulator CFTC writes stunning pro-bitcoin anti-regulation op-ed
This is an incredible pro-cryptocurrency op-ed written for CNBC by a former head of the biggest US financial derivatives regulator, everyone with an interest in bitcoin derivatives needs to read it He goes so far as to compare bitcoin to the internet, and wants government to step out of the way so America doesn't get left in the dust by Europe. Currently, it's not legal for Americans to even trade on any bitcoin derivatives exchanges, so he's definitely got a point. This has been a recurring problem for people who just want to be able to hedge their coins but due to regulations, in the US they can not. web version
The CFTC (and its predecessors) were created to ensure the integrity of these futures markets in the US. So the heaviest CFTC regulation of bitcoin would likely concern not the cryptocurrency ... The CFTC has also made a concerted effort to show their favorable leanings towards Bitcoin. The organization provided crypto-organization LedgerX with the ability to create a futures market for the investment of Bitcoin, one under the regulatory jurisdiction and blessing of the commission. In addition, futures, options, swaps and other derivative contracts that make reference to the price of a cryptoasset that constitutes a commodity are subject to regulation by the CFTC under the Commodity Exchange Act. In addition, the CFTC has jurisdiction over attempts to engage in market manipulation with respect to those cryptoassets that are considered commodities. The likelihood of the ... Bitcoin and Other Virtual Currencies Today, fintech is driving innovation in financial markets across the globe. New technologies are wide-ranging in scope, from cloud computing and algorithmic trading to distributed ledgers to artificial intelligence and machine learning to network cartography, and many others. A breakdown of each Tuesday's open interest for markets; in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. CFTC Regulations The laws authorizing CFTC’s activities and the regulations issued by CFTC to carry out those activities, as well as related rulemaking, enforcement, and adjudicatory references.
SEC & CFTC are PRO BITCOIN! (US SENATE Hearing) 02.06.18
The dedicated session involving the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) took place today. (Tuesday, Feb. 6th, 2018) The written testimonies ... In this interview, I chat with commissioner Brian Quintenz from the CFTC. We discuss the unique challenges in regulating the Bitcoin Futures markets, whether... This video is unavailable. Watch Queue Queue. Watch Queue Queue Must Watch! SEC & CFTC are PRO BITCOIN! US SENATE Hearing on Cryptocurrency The US Senate Committee on Banking met on Tuesday 2-06-2018 with the Chairman of the SEC and CFTC to discuss virtual ... CFTC Rules and Regulations (Sep 2015, 3:27) ... New Regulation of Swap Transactions by US and Non US Banks Under Dodd-Frank Act - Duration: 1:23:54. Arnold & Porter Kaye Scholer LLP 2,373 views. 1 ...