Tag: cftc
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CFTC Establishes Joint Data Standards Under Financial Data Transparency Act
The CFTC has established joint data standards as mandated by the Financial Data Transparency Act of 2022. This final rule sets technical standards for data submitted to financial regulatory agencies, with eight other federal agencies expected to follow suit.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingFinancial Markets CFTCFinancial Data Transparency ActData StandardsFinancial RegulationTechnical StandardsRegulatory Agencies
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CFTC Reverses Policy on Settlement Denials in Enforcement Cases
The CFTC has rescinded a policy preventing settlements where defendants deny allegations. This allows the agency to accept "neither admit nor deny" settlements in administrative and civil proceedings, changing its enforcement approach.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalFinancial MarketsGeneral Politics CFTCSettlementsEnforcement ActionsPolicy RescissionAdministrative LawCivil LawFinancial Regulation
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CFTC Staff Issues No-Action Position to Cboe Digital Exchange
The CFTC's Division of Market Oversight has issued a time-limited no-action letter to Cboe Digital Exchange, LLC. This position addresses specific procedures related to dormancy for the designated contract market.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegal CFTCCboe Digital ExchangeNo-Action LetterMarket OversightDormancy ProceduresDesignated Contract MarketFinancial Regulation
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CFTC Awards Over $8 Million to Five Whistleblowers
The Commodity Futures Trading Commission has awarded over $8 million to five whistleblowers. Their crucial information led to a successful enforcement action against a fraudulent scheme, highlighting the CFTC's commitment to combating financial misconduct.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalEconomyFinancial Markets CFTCWhistleblower AwardsFraudulent SchemeEnforcement ActionFinancial RegulationCommodity Futures Trading Commission
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CFTC Enhances Product Self-Certification Process
The CFTC has updated its electronic filing system, allowing exchanges to submit a single set of product certification documents for multiple comparable contracts. This enhancement streamlines the self-certification process.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegalEconomy Commodity Futures Trading CommissionCFTCProduct Self-CertificationElectronic Filing SystemExchangesFinancial RegulationGovernment
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CFTC Appoints Dr. Patrick J. Schorno as Chief Economist
CFTC Chairman Michael S. Selig announced Dr. Patrick J. Schorno as the new chief economist. Dr. Schorno will advise the Commission, integrating economic analysis, cost-benefit analysis, and research into the agency's mission, enhancing its regulatory framework.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsEmployment and Labor CFTCPatrick J. SchornoChief EconomistMichael S. SeligEconomic AnalysisRegulatory AffairsAppointments
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CFTC Issues Policy on Perpetual Contracts, Approves Bitcoin Futures Listing
The CFTC has issued a policy statement on perpetual contracts, simultaneously approving a Designated Contract Market to list a bitcoin spot price-referenced perpetual futures contract. This provides regulatory clarity for these financial instruments.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsLegal CFTCPerpetual ContractsBitcoinFuturesPolicy StatementDesignated Contract MarketCryptocurrency
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CFTC Clarifies Crypto Perpetual Futures Rules for Coinbase
The CFTC clarified that certain crypto asset perpetuals are foreign futures and issued a no-action letter for Coinbase Financial Markets. This allows CFM to transfer customer crypto assets to foreign brokers as margin for digital commodity derivatives on Deribit FZE.
BusinessPolitics and GovernmentScience & TechnologyEconomyFinancial MarketsFederal GovernmentLegalComputers and Internet CFTCCoinbase Financial MarketsCrypto AssetsForeign FuturesDigital Commodity DerivativesDeribit FZEFinancial Regulation
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CFTC Approves KalshiEX's BTCPERP Bitcoin Futures Contract
The CFTC has approved KalshiEX, LLC's BTCPERP Contract, a new perpetual futures contract referencing bitcoin's spot price. This approval allows the designated contract market to list the innovative cryptocurrency derivative.
BusinessPolitics and GovernmentScience & TechnologyFederal GovernmentFinancial MarketsEconomyComputers and Internet CFTCKalshiEX, LLCBTCPERP ContractBitcoinFutures ContractFinancial RegulationCryptocurrency
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CFTC Staff Issues Advisory on 24/7 Trading, Clearing, and Settlement
CFTC staff divisions issued an advisory today on 24/7 trading, clearing, and settlement. The guidance from three divisions aims to provide clarity for market participants navigating continuous market operations.
BusinessPolitics and GovernmentLaw EnforcementFinancial MarketsFederal GovernmentLegalEconomy CFTCTradingClearingSettlementAdvisoryFinancial RegulationMarket Oversight
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CFTC Sues Rhode Island to Protect Federal Jurisdiction Over Contract Markets
The CFTC has sued to block Rhode Island from applying state gambling laws to federally registered contract markets. This intervention in federal court aims to preserve the Commission's jurisdiction over these financial instruments, preventing state-level interference.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentState GovernmentsLegalFinancial Markets CFTCRhode IslandLawsuitJurisdictionContract MarketsGambling LawsGovernment
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CFTC Charges Google Employee with Insider Trading
The CFTC has filed a complaint against Google employee Michele Spagnuolo for alleged insider trading. Spagnuolo, based in Switzerland, is accused of using nonpublic information about Google's 2025 Year in Search list to trade on Polymarket.com.
Law EnforcementBusinessPolitics and GovernmentLegalFinancial MarketsFederal GovernmentComputers and Internet CFTCGoogleMichele SpagnuoloInsider TradingPolymarket.comSwitzerlandEvent Contracts
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CFTC Joins Gemini in Motion for Relief from Judgment
The CFTC has joined Gemini Trust Company LLC in a motion for relief from judgment in their ongoing legal case. This development follows an initial lawsuit in June 2022 and a consent order issued in January 2025.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalFinancial Markets CFTCGemini Trust Company LLCLegal ActionCourt MotionFinancial RegulationNew YorkConsent Order
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CFTC and NHL Sign MOU to Protect Hockey and Prediction Markets
The CFTC and NHL have signed an MOU to protect professional hockey's integrity and ensure fair, transparent prediction markets. This collaboration aims to safeguard the sport from manipulation and uphold public trust.
Politics and GovernmentBusinessSportFederal GovernmentEconomyLegal CFTCNHLMemorandum of UnderstandingProfessional HockeyPrediction MarketsMarket IntegrityRegulation
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CFTC Division of Enforcement Issues New Cooperation Policy Advisory
The CFTC's Division of Enforcement has released a new advisory, superseding prior policies, to clarify its approach to evaluating cooperation and self-reporting in enforcement matters. This updated guidance aims to standardize how entities engage with the Commission during investigations.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalFinancial Markets CFTCDivision of EnforcementCooperation PolicyEnforcement MattersSelf-reportingFinancial RegulationGovernment Policy
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CFTC Sues Minnesota Over Prediction Market Ban
The CFTC has sued Minnesota to block a new state law, signed by Governor Tim Walz, that criminalizes prediction markets. The federal agency seeks a preliminary injunction to stop the law from taking effect on August 1, 2026, citing federal…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsLegalEconomy CFTCMinnesotaPrediction MarketsLawsuitState LawGovernmentFinancial Markets
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CFTC Chairman Selig Names DJ Hennes Market Participants Division Director
CFTC Chairman Michael S. Selig announced DJ Hennes as the new Director of the Market Participants Division. This key appointment, made public on May 18, 2026, places Hennes at the helm of overseeing market participants.
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and Labor DJ HennesMichael S. SeligCFTCMarket Participants DivisionDirectorAppointmentGovernment
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CFTC Staff Issues No-Action Letter on Data Reporting for Event Contracts
The CFTC's Divisions of Market Oversight and Clearing and Risk have issued a no-action letter regarding swap data reporting and recordkeeping for event contracts, providing regulatory clarity for market participants.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsData ReportingNo-Action LetterSwap DataRegulatory ClarityFinancial Regulation
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CFTC Issues Supplemental Letter on Swap Data Reporting and Recordkeeping
The Commodity Futures Trading Commission has announced a no-action position concerning swap data reporting and recordkeeping regulations. The decision was issued jointly by the Division of Market Oversight and the Division of Clearing and Risk.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegalEconomy Commodity Futures Trading CommissionCFTCSwap Data ReportingRecordkeepingFinancial RegulationBusiness and FinanceGovernment