#cftc
cftc
1.7M views
3,171 Discussing
Hot
Latest
CFTC Sues 9 States to Protect Registered Crypto Exchanges!
Fresh out of the oven! A massive regulatory update just dropped by CoinMarketCap. The CFTC Chair has officially stated that the federal agency has sued 9 US states over prediction market jurisdiction.
In a powerful move, the Chair emphasized that the agency will continue to sue "any state that attempts to impose criminal or civil fines against CFTC-registered exchanges." This marks a major escalation in federal vs. state authority, signaling that federal regulators are stepping up to defend legally compliant crypto platforms from fragmented state-level penalties. This oversight battle is crucial for long-term market stability and institutional security.
Will this federal crackdown finally stop individual states from aggressively targeting crypto platforms? What’s your take on this regulatory clash? Drop your thoughts below!
#Regulation #CFTC #trading #BinanceSquare
Fresh out of the oven! A massive regulatory update just dropped by CoinMarketCap. The CFTC Chair has officially stated that the federal agency has sued 9 US states over prediction market jurisdiction.
In a powerful move, the Chair emphasized that the agency will continue to sue "any state that attempts to impose criminal or civil fines against CFTC-registered exchanges." This marks a major escalation in federal vs. state authority, signaling that federal regulators are stepping up to defend legally compliant crypto platforms from fragmented state-level penalties. This oversight battle is crucial for long-term market stability and institutional security.
Will this federal crackdown finally stop individual states from aggressively targeting crypto platforms? What’s your take on this regulatory clash? Drop your thoughts below!
#Regulation #CFTC #trading #BinanceSquare
CFTC Chairman states "There will NEVER be a US CBDC under our watch!"
Major crypto-positive news just dropped! Cointelegraph reported that CFTC Chairman Michael Selig firmly stated that a Central Bank Digital Currency (CBDC) will never happen under their supervision.
This is huge for Bitcoin ($BTC) and decentralized assets, as a US CBDC has long been viewed as a threat to financial privacy and crypto adoption. Without a government digital dollar, liquidity will keep flowing into pure crypto!
#BinanceSquare #BTC #CFTC #Bitcoin #writetoearn
Major crypto-positive news just dropped! Cointelegraph reported that CFTC Chairman Michael Selig firmly stated that a Central Bank Digital Currency (CBDC) will never happen under their supervision.
This is huge for Bitcoin ($BTC) and decentralized assets, as a US CBDC has long been viewed as a threat to financial privacy and crypto adoption. Without a government digital dollar, liquidity will keep flowing into pure crypto!
#BinanceSquare #BTC #CFTC #Bitcoin #writetoearn
CFTC CHARGES CRYPTO FRAUD SCHEME INVOLVING $BTC AND $ETH 🔥
A Colorado-based operator raised $14.8M from 60+ investors, then lost over $8.6M on leveraged futures and crypto positions while falsifying returns. The regulator explicitly flagged Ponzi-like mechanics — cash flows used to pay earlier investors instead of generating real profit. Over $136K was diverted for private jet travel.
This case reinforces why decentralized settlement doesn't guarantee counterparty safety. The market is moving on price discovery, but structural trust in custodians and pools remains fragile. How deep does your own due diligence go before you trust a fund manager?
Not financial advice. Always manage your risk.
#BTC #CFTC #FraudAlert #CryptoNews
⚡
A Colorado-based operator raised $14.8M from 60+ investors, then lost over $8.6M on leveraged futures and crypto positions while falsifying returns. The regulator explicitly flagged Ponzi-like mechanics — cash flows used to pay earlier investors instead of generating real profit. Over $136K was diverted for private jet travel.
This case reinforces why decentralized settlement doesn't guarantee counterparty safety. The market is moving on price discovery, but structural trust in custodians and pools remains fragile. How deep does your own due diligence go before you trust a fund manager?
Not financial advice. Always manage your risk.
#BTC #CFTC #FraudAlert #CryptoNews
⚡
⚖️ CFTC Charges Crypto Pool Operator in Alleged $14M Fraud Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has filed civil fraud charges against Trevor Vernon and Argent Capital Management LLC, alleging they operated a $14 million Ponzi-like commodity pool involving crypto assets, futures, and options that affected at least 60 investors.
🔹 Key Facts:
The CFTC alleges the defendants raised more than $14 million from over 60 investors between 2022 and 2026.
Investors were allegedly given false performance reports, while new investor funds were used to pay earlier participants in a Ponzi-like structure.
The CFTC is seeking restitution, civil penalties, disgorgement, and permanent trading and registration bans against the defendants.
💡 Expert Insight:
This case is another reminder that investors should verify whether an investment firm is properly registered with regulators and be cautious of promises of consistently high returns. Fraud cases like this can damage confidence, but they also show regulators are continuing to pursue enforcement in the digital asset sector.
#CryptoNews #CFTC #Fraud #blockchain #Investing $BTC $ETH $BNB
The U.S. Commodity Futures Trading Commission (CFTC) has filed civil fraud charges against Trevor Vernon and Argent Capital Management LLC, alleging they operated a $14 million Ponzi-like commodity pool involving crypto assets, futures, and options that affected at least 60 investors.
🔹 Key Facts:
The CFTC alleges the defendants raised more than $14 million from over 60 investors between 2022 and 2026.
Investors were allegedly given false performance reports, while new investor funds were used to pay earlier participants in a Ponzi-like structure.
The CFTC is seeking restitution, civil penalties, disgorgement, and permanent trading and registration bans against the defendants.
💡 Expert Insight:
This case is another reminder that investors should verify whether an investment firm is properly registered with regulators and be cautious of promises of consistently high returns. Fraud cases like this can damage confidence, but they also show regulators are continuing to pursue enforcement in the digital asset sector.
#CryptoNews #CFTC #Fraud #blockchain #Investing $BTC $ETH $BNB
CFTC Chair Urges Congress: The CLARITY Act Is Just One Step Away—Recommend Passing It Soon Before Summer Recess
On July 9, according to market sources, Michael Seligh, in an interview with the media, said that although the original target of passing it on July 4 was missed, the CLARITY Act is still extremely close to being approved.
U.S. CFTC Chair Michael Seligh is currently urging Congress to push this work forward as quickly as possible before the August 7 recess, emphasizing that the bill is "critical" to the United States’ competitiveness in the crypto sector.
The bill’s core goal is to clearly delineate regulatory authority between the CFTC and the SEC, preventing the industry from being thrown into confusion due to inconsistent standards across states. The House passed the bill last year, and current progress is stalled at the Senate stage.
At present, the main obstacles to moving the bill forward are disagreements between the two parties. Democrats want to add morality clauses targeting the Trump family’s crypto business, while Selig believes these added requirements are "extra scenes" that would delay passage of the bill.
Meanwhile, Democrats insist that these provisions are necessary measures to protect consumers. The two sides have stark differences on this issue, which has become the main impediment to the bill’s smooth passage.
Separately, Lummis, chair of the Senate Digital Assets Subcommittee, revealed that the final text of the bill is expected to be released this month and that a vote will be scheduled. However, some analysts believe that if the bill cannot be passed before August 7, the next opportunity may not come until 2030.
#CFTC #CLARITY法案
On July 9, according to market sources, Michael Seligh, in an interview with the media, said that although the original target of passing it on July 4 was missed, the CLARITY Act is still extremely close to being approved.
U.S. CFTC Chair Michael Seligh is currently urging Congress to push this work forward as quickly as possible before the August 7 recess, emphasizing that the bill is "critical" to the United States’ competitiveness in the crypto sector.
The bill’s core goal is to clearly delineate regulatory authority between the CFTC and the SEC, preventing the industry from being thrown into confusion due to inconsistent standards across states. The House passed the bill last year, and current progress is stalled at the Senate stage.
At present, the main obstacles to moving the bill forward are disagreements between the two parties. Democrats want to add morality clauses targeting the Trump family’s crypto business, while Selig believes these added requirements are "extra scenes" that would delay passage of the bill.
Meanwhile, Democrats insist that these provisions are necessary measures to protect consumers. The two sides have stark differences on this issue, which has become the main impediment to the bill’s smooth passage.
Separately, Lummis, chair of the Senate Digital Assets Subcommittee, revealed that the final text of the bill is expected to be released this month and that a vote will be scheduled. However, some analysts believe that if the bill cannot be passed before August 7, the next opportunity may not come until 2030.
#CFTC #CLARITY法案
CFTC Chair Mike Selig has just made it clear: the U.S. will never launch a CBDC.
The reason is straightforward— the President’s Working Group on Digital Asset Markets clearly understands that a central bank digital currency would allow the government to monitor and review every individual consumer transaction at any time, and Americans simply don’t want something like that. As long as he’s still at the CFTC, this red line won’t be crossed.
This statement is worth pondering. On one side, Europe and some Asian countries are accelerating CBDC pilot programs; on the other, U.S. regulators at the top directly weld the door shut, effectively handing the track over entirely to the private sector’s stablecoins and crypto assets. For the industry as a whole, this isn’t bad news:
- Policy room for stablecoins is opened up even further
- The narrative of BTC as a "value store that resists surveillance" is further reinforced
- U.S. regulation is starting to shift from "blocking" to "guiding"
When a U.S. central bank digital currency is explicitly rejected, crypto-native assets become the default answer.
#CBDC #CFTC #Crypto
$BTC
The reason is straightforward— the President’s Working Group on Digital Asset Markets clearly understands that a central bank digital currency would allow the government to monitor and review every individual consumer transaction at any time, and Americans simply don’t want something like that. As long as he’s still at the CFTC, this red line won’t be crossed.
This statement is worth pondering. On one side, Europe and some Asian countries are accelerating CBDC pilot programs; on the other, U.S. regulators at the top directly weld the door shut, effectively handing the track over entirely to the private sector’s stablecoins and crypto assets. For the industry as a whole, this isn’t bad news:
- Policy room for stablecoins is opened up even further
- The narrative of BTC as a "value store that resists surveillance" is further reinforced
- U.S. regulation is starting to shift from "blocking" to "guiding"
When a U.S. central bank digital currency is explicitly rejected, crypto-native assets become the default answer.
#CBDC #CFTC #Crypto
$BTC
CFTC Chairman Mike Selig has made it clear: the U.S. will never roll out a CBDC.
The reason is straightforward— the U.S. President’s Digital Assets Markets Working Group clearly understands what a central bank digital currency means for ordinary people: the government can monitor every spending, and can review every economic decision. And people don’t want this kind of "transparency."
The signal behind this statement is worth pondering:
On one side, the CBDC roadmap has been explicitly shut. On the other, room is being made for stablecoins and compliant crypto assets. When the government voluntarily gives up the authority to issue digital currency, privately issued U.S. dollar stablecoins are almost the default substitute.
For the crypto industry, this isn’t just a slogan—it’s a choice of regulatory path— the U.S. is handing over the narrative of a digital dollar to the market.
The BTC and stablecoin tracks may be the true beneficiaries of this policy windfall.
#CBDC #CFTC #Crypto
The reason is straightforward— the U.S. President’s Digital Assets Markets Working Group clearly understands what a central bank digital currency means for ordinary people: the government can monitor every spending, and can review every economic decision. And people don’t want this kind of "transparency."
The signal behind this statement is worth pondering:
On one side, the CBDC roadmap has been explicitly shut. On the other, room is being made for stablecoins and compliant crypto assets. When the government voluntarily gives up the authority to issue digital currency, privately issued U.S. dollar stablecoins are almost the default substitute.
For the crypto industry, this isn’t just a slogan—it’s a choice of regulatory path— the U.S. is handing over the narrative of a digital dollar to the market.
The BTC and stablecoin tracks may be the true beneficiaries of this policy windfall.
#CBDC #CFTC #Crypto
CFTC Chairman Mike Selig makes his stance clear: under his supervision, the U.S. will never roll out a CBDC.
He said that the President’s Digital Assets Working Group is fully aware of the risks that a central bank digital currency poses to Americans—no one wants the government to monitor and scrutinize every economic decision they make.
This signal is crucial. The CBDC roadmap has been shut completely, meaning that in the U.S. digital dollar space there is only one remaining direction: compliant stablecoins. Privately issued, driven by market competition, with on-chain transparency—rather than a state-centered ledger.
For the crypto industry, this is actually a long-term positive. The policy ceiling for the stablecoin track has been raised further, and the digitalization narrative of the dollar will be carried by compliant assets like $USDC , instead of being taken by sovereign digital currency for market share. The “anti-censorship” narrative for BTC also becomes more meaningful under this kind of stance.
Surveillance-style money is out; market-based dollars are in.
#CBDC #CFTC #Stablecoin
He said that the President’s Digital Assets Working Group is fully aware of the risks that a central bank digital currency poses to Americans—no one wants the government to monitor and scrutinize every economic decision they make.
This signal is crucial. The CBDC roadmap has been shut completely, meaning that in the U.S. digital dollar space there is only one remaining direction: compliant stablecoins. Privately issued, driven by market competition, with on-chain transparency—rather than a state-centered ledger.
For the crypto industry, this is actually a long-term positive. The policy ceiling for the stablecoin track has been raised further, and the digitalization narrative of the dollar will be carried by compliant assets like $USDC , instead of being taken by sovereign digital currency for market share. The “anti-censorship” narrative for BTC also becomes more meaningful under this kind of stance.
Surveillance-style money is out; market-based dollars are in.
#CBDC #CFTC #Stablecoin
CFTC Chairman Mike Selig made it clear: as long as he’s in office, the United States will never roll out a CBDC.
The rationale is straightforward—an interagency presidential working group on digital assets has already seen what a CBDC means for ordinary people: the government could monitor every purchase you make, scrutinize the economic choices you don’t like, and even freeze your wallet directly. Americans don’t want this kind of “digital collar.”
This statement is essentially a clear signal to the crypto industry. With the path for central bank digital currency effectively blocked, the strategic position of decentralized assets like stablecoins and BTC is actually elevated. Regulators choosing to embrace privately issued dollar stablecoins, rather than stepping in to build a surveillance tool, is a long-term positive for the entire crypto ecosystem.
What’s interesting is that among central banks worldwide, more and more countries are pushing CBDCs, while the U.S. is doing the opposite. This isn’t a technical issue—it’s a values choice: whether financial privacy counts as a fundamental right or not.
The narrative behind $BTC has gained yet another layer.
#CBDC #CFTC #Cryptocurrency Regulation
The rationale is straightforward—an interagency presidential working group on digital assets has already seen what a CBDC means for ordinary people: the government could monitor every purchase you make, scrutinize the economic choices you don’t like, and even freeze your wallet directly. Americans don’t want this kind of “digital collar.”
This statement is essentially a clear signal to the crypto industry. With the path for central bank digital currency effectively blocked, the strategic position of decentralized assets like stablecoins and BTC is actually elevated. Regulators choosing to embrace privately issued dollar stablecoins, rather than stepping in to build a surveillance tool, is a long-term positive for the entire crypto ecosystem.
What’s interesting is that among central banks worldwide, more and more countries are pushing CBDCs, while the U.S. is doing the opposite. This isn’t a technical issue—it’s a values choice: whether financial privacy counts as a fundamental right or not.
The narrative behind $BTC has gained yet another layer.
#CBDC #CFTC #Cryptocurrency Regulation
CFTC Chairman Mike Selig has made it clear: as long as he is in office, the U.S. will never roll out a CBDC.
The reasoning is straightforward—the presidential digital assets working group understands the risks of central bank digital currencies, and Americans do not want the government to monitor and review every purchase they make.
This statement is certainly worth pondering. A CBDC essentially turns money into a programmable, traceable, and freezeable tool—completely at odds with the crypto industry's push for “self-custody” and “anti-censorship.” Once the U.S. regulatory authorities publicly take a side in favor of the latter, it effectively creates more room for compliance for stablecoins and decentralized assets.
Potential impact on the market:
- Compliant stablecoins (USD-pegged) become the default answer for a digital dollar
- Narratives around privacy and self-custody regain policy endorsement
- Clear divergence from other economies that are pushing CBDCs
As the regulatory stance shifts from “control” to “let the private sector compete,” this is a long-term positive for the entire crypto ecosystem.
#CBDC #CFTC #Crypto
The reasoning is straightforward—the presidential digital assets working group understands the risks of central bank digital currencies, and Americans do not want the government to monitor and review every purchase they make.
This statement is certainly worth pondering. A CBDC essentially turns money into a programmable, traceable, and freezeable tool—completely at odds with the crypto industry's push for “self-custody” and “anti-censorship.” Once the U.S. regulatory authorities publicly take a side in favor of the latter, it effectively creates more room for compliance for stablecoins and decentralized assets.
Potential impact on the market:
- Compliant stablecoins (USD-pegged) become the default answer for a digital dollar
- Narratives around privacy and self-custody regain policy endorsement
- Clear divergence from other economies that are pushing CBDCs
As the regulatory stance shifts from “control” to “let the private sector compete,” this is a long-term positive for the entire crypto ecosystem.
#CBDC #CFTC #Crypto
【What is the market trading?】 The CFTC has taken another enforcement action in the crypto space, directly targeting commodity pool operators that are involved in both commodities and crypto assets. It accuses them of defrauding investors of more than $14 million—an enforcement action rarely seen by U.S. regulators that directly targets crypto-asset business operations. 【What is truly worth paying attention to】 This enforcement action is clearly aimed at crypto-asset business activities. It sends a clear zero-tolerance signal from regulators toward compliance and misconduct in the crypto sector, and the intensity of subsequent compliance reviews and enforcement actions targeting crypto-asset business activities may further increase. 【Monitor over the next 48 hours】 Keep an eye on how the market digests the regulatory enforcement signals, and whether additional disclosure of related compliance enforcement information involving crypto assets follows. #CFTC #BTC #ETH
The CFTC accuses a crypto fund operator of fraud of $14 million
- The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a commodity and cryptocurrency fund operator.
- The person is accused of defrauding investors out of more than $14 million.
- This is one of the rare CFTC law-enforcement actions involving the cryptocurrency sector.
#CFTC #CryptoNews #Fraud #Regulation #BinanceSquare
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
- The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a commodity and cryptocurrency fund operator.
- The person is accused of defrauding investors out of more than $14 million.
- This is one of the rare CFTC law-enforcement actions involving the cryptocurrency sector.
#CFTC #CryptoNews #Fraud #Regulation #BinanceSquare
$btc $eth
vlikevn Titanbot
Source: CoinTelegraph
Here we go again—traditional craftsmanship can’t be lost; the Ponzi scheme lives on forever.
An old guy in North Carolina used goods and a crypto pool as a cover, making $14 million and bringing it safely into his pocket—until the CFTC directly called him out. After all these years, the playbook hasn’t changed. How can anyone still fall for lines like “high returns, guaranteed principal”? The regulator dad just shows up through the internet cable.
Remember: if they promise something with a high probability, ten out of ten times—or rather, eleven out of ten—it's a scam #Ponzi #CFTC $BTC
An old guy in North Carolina used goods and a crypto pool as a cover, making $14 million and bringing it safely into his pocket—until the CFTC directly called him out. After all these years, the playbook hasn’t changed. How can anyone still fall for lines like “high returns, guaranteed principal”? The regulator dad just shows up through the internet cable.
Remember: if they promise something with a high probability, ten out of ten times—or rather, eleven out of ten—it's a scam #Ponzi #CFTC $BTC
🚨 BREAKING: The U.S. Supreme Court has overturned a 91-year-old legal precedent, clearing the way for President Trump to remove SEC and CFTC commissioners without needing to show cause.
The decision significantly expands White House influence over America's top financial regulators, arriving just as the Senate prepares to debate the CLARITY Act a bill that could reshape the future of U.S. crypto regulation.
👀 Crypto markets will be watching closely. 🇺🇸📈
#Bitcoin #SEC #CFTC #Trump #Regulation
#Binance1B$inStocks
The decision significantly expands White House influence over America's top financial regulators, arriving just as the Senate prepares to debate the CLARITY Act a bill that could reshape the future of U.S. crypto regulation.
👀 Crypto markets will be watching closely. 🇺🇸📈
#Bitcoin #SEC #CFTC #Trump #Regulation
#Binance1B$inStocks
⚡ The Supreme Court changes the course of 91 years of precedent and grants President Trump the authority to dismiss members of the Securities and Exchange Commission #SEC and the commodities futures trading commission #CFTC without any reasons
📈 This ruling is considered a major shift in executive power for the US president
💰 This decision is expected to affect the financial market and its policies in the future
📈 This ruling is considered a major shift in executive power for the US president
💰 This decision is expected to affect the financial market and its policies in the future
#SupremeCourtRulesPresidentsCanFireSECCFTCCommissioners
#SEC #CFTC #Crypto #Altcoins
⚖️ U.S. Supreme Court Decision Could Reshape Crypto Regulation
A major legal decision from the U.S. Supreme Court could have long-term implications for the cryptocurrency industry. The ruling allows the U.S. President to remove SEC and CFTC commissioners, potentially leading to changes in the leadership of both regulatory agencies.
Why does this matter for crypto?
🔹 New leadership could bring a different approach to digital asset regulation.
🔹 Clearer rules may encourage innovation and institutional participation.
🔹 The ongoing discussion around crypto legislation, including the CLARITY Act, continues to keep investors optimistic.
🔹 Greater regulatory certainty could strengthen long-term confidence in Bitcoin, Ethereum, and quality altcoins.
While regulatory changes take time, many investors are watching closely for developments that could shape the next phase of the crypto market.
📈 Trading Insight: Focus on fundamentally strong projects and manage risk wisely. Market pullbacks can create opportunities, but always do your own research before making investment decisions.
#SEC #CFTC #Crypto #Altcoins
⚖️ U.S. Supreme Court Decision Could Reshape Crypto Regulation
A major legal decision from the U.S. Supreme Court could have long-term implications for the cryptocurrency industry. The ruling allows the U.S. President to remove SEC and CFTC commissioners, potentially leading to changes in the leadership of both regulatory agencies.
Why does this matter for crypto?
🔹 New leadership could bring a different approach to digital asset regulation.
🔹 Clearer rules may encourage innovation and institutional participation.
🔹 The ongoing discussion around crypto legislation, including the CLARITY Act, continues to keep investors optimistic.
🔹 Greater regulatory certainty could strengthen long-term confidence in Bitcoin, Ethereum, and quality altcoins.
While regulatory changes take time, many investors are watching closely for developments that could shape the next phase of the crypto market.
📈 Trading Insight: Focus on fundamentally strong projects and manage risk wisely. Market pullbacks can create opportunities, but always do your own research before making investment decisions.
Aretha Alosta OvdL:
AJ kl Kya ho Raha he g
#SupremeCourtRulesPresidentsCanFireSECCFTCCommissioners🚨 U.S. Court Ruling Could Reshape Crypto Regulation ⚖️
A major U.S. court decision has ruled that the President can remove the heads of the SEC and CFTC, potentially ending decades of perceived independence for these key financial regulators.
📌 Why it matters: • Faster leadership changes could accelerate crypto-friendly policies. • Supporters believe it may speed up digital asset regulation. • Critics warn it could increase political influence over independent agencies.
📈 Market Impact: Leadership changes at the SEC and CFTC could affect ETF approvals, exchange oversight, and the broader regulatory outlook for Bitcoin and altcoins. Expect volatility as traders monitor future appointments.
💡 Trading Tip: Stay disciplined, manage your risk, and avoid emotional decisions during regulatory uncertainty. Headlines can move markets quickly.
⚠️ This is not financial advice. Always do your own research.
#Crypto #Bitcoin #SEC #CFTC
$BTC
$ETH
$BNB
A major U.S. court decision has ruled that the President can remove the heads of the SEC and CFTC, potentially ending decades of perceived independence for these key financial regulators.
📌 Why it matters: • Faster leadership changes could accelerate crypto-friendly policies. • Supporters believe it may speed up digital asset regulation. • Critics warn it could increase political influence over independent agencies.
📈 Market Impact: Leadership changes at the SEC and CFTC could affect ETF approvals, exchange oversight, and the broader regulatory outlook for Bitcoin and altcoins. Expect volatility as traders monitor future appointments.
💡 Trading Tip: Stay disciplined, manage your risk, and avoid emotional decisions during regulatory uncertainty. Headlines can move markets quickly.
⚠️ This is not financial advice. Always do your own research.
#Crypto #Bitcoin #SEC #CFTC
$BTC
$ETH
$BNB
#politica #crypto
💥 Historic upset in the US: Trump gets absolute control over crypto regulators #SEC and #CFTC !
The US Supreme Court has just made a sensational decision (6–3), which overturned a century-old precedent. Now the president can fire commissioners of independent agencies with one click - simply at his own request, without any good reason. Trump has already called this "the biggest increase in presidential power in 100 years".
❓ What is crypto here and why is it "hot"?
➡️ Complete control over the SEC and CFTC: Previously, these agencies were considered independent of the White House. Now Trump can single-handedly decide who will manage the digital asset market. The SEC currently has 3 Republicans and 0 Democrats.
➡️ Clarity Act under threat: The main law on the legalization of crypto in the US is on the verge of collapse. Senate Democrats demanded bipartisan control over regulators as a condition for a vote. Now this condition has lost its meaning - even if Trump appoints a Democrat, he can fire him the next day.
➡️ Time is running out: Republicans want to push through a vote on the Clarity Act next month, despite protests. The deadline is early August (then the election race will begin).
➡️ Ethical impasse: Democrats also demand that the law restrict Trump's own crypto business, which he is unlikely to do.
➡️ Irony of the day: the lawsuit that gave Trump this superpower was financed by the fired commissioner Rebecca Slaughter and her husband, the vice president of crypto giant Paradigm. They wanted to prove the illegality of the dismissal, but instead opened Pandora's box for the entire market.
🧐 July in the Senate will be as hot as possible. We are watching.
💥 Historic upset in the US: Trump gets absolute control over crypto regulators #SEC and #CFTC !
The US Supreme Court has just made a sensational decision (6–3), which overturned a century-old precedent. Now the president can fire commissioners of independent agencies with one click - simply at his own request, without any good reason. Trump has already called this "the biggest increase in presidential power in 100 years".
❓ What is crypto here and why is it "hot"?
➡️ Complete control over the SEC and CFTC: Previously, these agencies were considered independent of the White House. Now Trump can single-handedly decide who will manage the digital asset market. The SEC currently has 3 Republicans and 0 Democrats.
➡️ Clarity Act under threat: The main law on the legalization of crypto in the US is on the verge of collapse. Senate Democrats demanded bipartisan control over regulators as a condition for a vote. Now this condition has lost its meaning - even if Trump appoints a Democrat, he can fire him the next day.
➡️ Time is running out: Republicans want to push through a vote on the Clarity Act next month, despite protests. The deadline is early August (then the election race will begin).
➡️ Ethical impasse: Democrats also demand that the law restrict Trump's own crypto business, which he is unlikely to do.
➡️ Irony of the day: the lawsuit that gave Trump this superpower was financed by the fired commissioner Rebecca Slaughter and her husband, the vice president of crypto giant Paradigm. They wanted to prove the illegality of the dismissal, but instead opened Pandora's box for the entire market.
🧐 July in the Senate will be as hot as possible. We are watching.
US CFTC launches broad investigation into Polymarket, probing misleading trading promotion and illegal customer acquisition
According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is conducting an extensive investigation into prediction market platform Polymarket, with the scope now extending to business segments such as its social media activities.
Earlier reports by the media disclosed that Polymarket had hired dozens of social media creators, mostly university-aged, to attract users by filming videos of purportedly false trades. The move drew attention from regulators and prompted an investigation.
In fact, Polymarket and regulators have had a long-running “feud.” Although the company reached a settlement with the CFTC in 2022 and, from a technical standpoint, banned U.S. users from using the main platform, some users have still managed to bypass the ban via VPNs.
Moreover, Polymarket has continued to proactively push forward a compliance framework, attempting to restart its U.S. domestic market business. It has actively engaged in communications with the CFTC, seeking to have the ban on U.S. users lifted and to re-establish domestic trading operations.
However, last Thursday, two senators jointly sent a letter to the CFTC urging it to initiate an investigation into Polymarket’s advertising practices, and asking whether, since its 2022 actions, the agency has taken measures to prevent Polymarket from improperly soliciting and attracting U.S. users.
Taken together, these developments suggest that while Polymarket seeks access to the U.S. market, it is facing dual scrutiny from both regulators and lawmakers. Its subsequent compliance process in the U.S. market is therefore likely to face significant uncertainty.
#CFTC #Polymarket
According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is conducting an extensive investigation into prediction market platform Polymarket, with the scope now extending to business segments such as its social media activities.
Earlier reports by the media disclosed that Polymarket had hired dozens of social media creators, mostly university-aged, to attract users by filming videos of purportedly false trades. The move drew attention from regulators and prompted an investigation.
In fact, Polymarket and regulators have had a long-running “feud.” Although the company reached a settlement with the CFTC in 2022 and, from a technical standpoint, banned U.S. users from using the main platform, some users have still managed to bypass the ban via VPNs.
Moreover, Polymarket has continued to proactively push forward a compliance framework, attempting to restart its U.S. domestic market business. It has actively engaged in communications with the CFTC, seeking to have the ban on U.S. users lifted and to re-establish domestic trading operations.
However, last Thursday, two senators jointly sent a letter to the CFTC urging it to initiate an investigation into Polymarket’s advertising practices, and asking whether, since its 2022 actions, the agency has taken measures to prevent Polymarket from improperly soliciting and attracting U.S. users.
Taken together, these developments suggest that while Polymarket seeks access to the U.S. market, it is facing dual scrutiny from both regulators and lawmakers. Its subsequent compliance process in the U.S. market is therefore likely to face significant uncertainty.
#CFTC #Polymarket
Log in to explore more content