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The United States House panel has approved two bills that could provide regulatory clarity for crypto firms, addressing the jurisdictional differences between the U.S. securities and commodities regulators.
The Republican bill introduces a process for firms to certify with the SEC that their projects are decentralized, enabling them to register digital assets as digital commodities with the CFTC.
The bipartisan Blockchain Regulatory Certainty Act aims to remove hurdles and requirements for “blockchain developers and service providers” such as miners, multisignature service providers, and decentralized finance platforms.
Congressmen praised the passing of these bills as a “huge win” for the United States. DeFi Not Beyond Regulatory Scope, CFTC Chair Declares
In a recent discussion on Bloomberg's Odd Lots podcast, Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), underscored that decentralized crypto exchanges would be regulated, either by the CFTC or the Securities and Exchange Commission. This applies even if they're built on "self-effectuating" protocols that are merely code. Six Steps to the Gallows: Binance Faces Potential Consequences
Securities and Exchange Commission (SEC) fines and restrictions have become commonplace for cryptocurrency companies. It is important to note, however, that Binance's situation differs from the general trend. A different regulatory body, the Commodity Futures Trading Commission (CFTC), is suing the company.
Coinbase has obtained regulatory approval from the National Futures Association (NFA), a CFTC-designated self-regulatory organization.
This approval allows Coinbase to function as a Futures Commission Merchant (FCM) and provide eligible US customers with access to crypto futures through its platforms.
With this approval, Coinbase becomes the first crypto-native platform to offer a combined solution featuring traditional spot crypto trading and regulated, leveraged crypto futures for their US verified customers.
Michael and Amanda Griffis are in hot water with the Commodity Futures Trading Commission (CFTC) as the agency alleges the couple pulled off a grand-scale fraud.
Operating under the auspicious name "Blessings of God Thru Crypto," they enticed over 100 individuals to contribute to their digital assets commodity pool. Accumulating over $6 million, the couple promised high returns and security for the pooled resources.
According to CFTC, these pledges were not only empty but the pooled funds frequently ended up mingling with the Griffis' personal finances. CFTC Aims to Tackle Anonymity on the Crypto Market
During her presentation in London, CFTC Chairperson Christy Goldsmith Romero called for broader oversight of anonymity in the cryptocurrency market, bolstering security measures for DeFi applications, and safeguarding client assets on centralized exchanges.
The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission.
Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues.
SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins. SEC, DOJ and CFTC investigate crypto platform FTX
The attention of US regulators is focused on the FTX crypto exchange. US regulators the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission and the Department of Justice (DoJ) are probing beleaguered crypto exchange FTX. 










