What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0

The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from its current proof-of-work consensus mechanism to a proof-of-stake model over the next year, in an upgrade known […]

Continue Reading

CFTC Makes Its Fintech, Blockchain Research Lab a Full-Fledged Office

The U.S. Commodity Futures Trading Commission (CFTC) is upgrading its financial technology research wing, LabCFTC. The derivatives regulator announced Thursday that LabCFTC would become its own independent office within the CFTC, reporting directly to the agency’s chairman, Heath Tarbert. The group will continue its mission of acting as the agency’s research wing into new financial technology, […]

Continue Reading

Crypto Derivatives: On Misleading Measurements

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto derivatives, download […]

Continue Reading

CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’

A purported cryptocurrency and foreign exchange investment firm is in hot water with the U.S. Commodity Futures Trading Commission (CFTC) and stands accused of operating like a Ponzi scheme. In a press release on Wednesday, relating to a complaint filed Sept. 30., the CFTC said it’s charging Nevada-based Circle Society and its operator David Gilbert Saffron with […]

Continue Reading

LedgerX Claims ‘Personal Animus’ Drove Ex-CFTC Chair to Stall Approvals

LedgerX executives claim the U.S. Commodity Futures Trading Commission (CFTC) is treating them unfairly – because of a blog post. According to two letters obtained by CoinDesk via a Freedom of Information Act (FOIA) request, LedgerX believes former CFTC Chairman J. Christopher Giancarlo was personally biased against the company, and improperly used his position to […]

Continue Reading

Derivatives Drama: The Unintended Consequences of Crypto Regulation

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in crypto assets. Sign up here. Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures […]

Continue Reading

What Happened: Why the First US Physical Bitcoin Futures Haven’t Launched

UPDATE (August 1, 2019, 19:30 UTC): LedgerX press representative Ryan Gorman told CoinDesk he will no longer be representing the company as of Thursday over ‘concerns‘ about the company’s failed launch of physical bitcoin futures. UPDATE (August 1, 2019, 16:10 UTC): In a series of tweets Thursday afternoon, LedgerX CEO Paul Chou said the CFTC […]

Continue Reading