Tag: cftc
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CFTC, SEC Seek Public Comment on Derivatives Definitions
The CFTC and SEC are seeking public comment to clarify and harmonize derivatives product definitions, including “Swap” and “Security-Based Swap.” This joint request aims to update interpretive issues and explore alternative compliance in the derivatives market.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentLegal CFTCSECDerivativesFinancial RegulationPublic CommentSwapsSecurity-Based Swaps
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CFTC and SEC Seek Public Input on Swap Data Reporting Frameworks
The CFTC and SEC are requesting public comment to harmonize, modernize, and streamline data reporting requirements for swap and security-based swap markets, aiming to improve efficiency and consistency.
BusinessPolitics and GovernmentFederal GovernmentFinancial MarketsBankingLegal CFTCSECSwap MarketsSecurity-Based Swap MarketsData ReportingPublic CommentFinancial Regulation
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SEC and CFTC Seek Public Comment on Derivatives Definitions
The SEC and CFTC are jointly requesting public comment to update, clarify, and harmonize derivatives product definitions. This initiative aims to streamline regulatory frameworks and enhance consistency in the derivatives market.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal Government SECCFTCDerivativesPublic CommentFinancial RegulationProduct DefinitionsHarmonization
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SEC and CFTC Seek Public Input on Swap Data Reporting
The SEC and CFTC are requesting public comment to harmonize, modernize, and streamline data reporting requirements for security-based swap and swap markets, aiming to improve regulatory efficiency.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegalEconomy SECCFTCData ReportingSecurity-Based SwapSwap MarketsPublic CommentFinancial Regulation
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CFTC Resolves Enforcement Action Against Celsius Founder Alexander Mashinsky
The CFTC has resolved its enforcement action against Celsius Network founder Alexander Mashinsky. A consent order imposes permanent bans on trading and registration, and enjoins him from future anti-fraud violations.
BusinessPolitics and GovernmentLaw EnforcementFederal GovernmentLegalFinancial Markets Alexander MashinskyCelsius Network LLCCFTCEnforcementConsent OrderTrading BanFraud
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CFTC Staff Issues No-Action Letter for Swap Risk Reduction Services
CFTC divisions have granted no-action positions to Capitolis Partners, Quantile Technologies, and TriOptima for their post-trade risk reduction services for swaps, including portfolio rebalancing and basis risk mitigation, as outlined in CFTC Staff Letter No. 26-20.
BusinessPolitics and GovernmentEconomyFinancial MarketsFederal GovernmentLegal CFTCNo-Action LetterSwapsRisk ReductionCapitolis Partners LLCQuantile TechnologiesTriOptima AB
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CFTC Seeks Input to Boost Fintech Innovation and Competition
The CFTC has launched a Request for Information to pinpoint regulations hindering fintech innovation and competition. The initiative aims to streamline processes and foster partnerships between fintech firms and regulated institutions.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetLegal CFTCFintechRegulationInnovationCompetitionFinancial ServicesRequest for Information
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CFTC Issues No-Action Relief for Digital Commodity Perpetual Futures
The CFTC's Division of Market Oversight has granted no-action relief, enabling designated contract markets to convert existing perpetual-style digital commodity futures into true digital commodity perpetual futures, fostering evolution in digital asset derivatives.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsEconomyLegal CFTCDivision of Market OversightNo-Action LetterDigital Commodity FuturesPerpetual FuturesDesignated Contract MarketsFinancial Regulation
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CFTC Sues New Mexico Over State Gaming Laws Infringing Federal Jurisdiction
The CFTC has sued New Mexico to prevent the state from applying its gaming laws to federally registered contract markets. This legal action asserts federal jurisdiction over these financial instruments, challenging state infringement.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentState GovernmentsLegalEconomy CFTCNew MexicoLawsuitFederal JurisdictionContract MarketsGaming LawsLegal Action
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CFTC Seeks Public Comment on Whistleblower Rule Amendments
The CFTC has issued a Notice of Proposed Rulemaking to amend its whistleblower rules. The public is invited to comment on the proposed changes, which specifically address the determination of whistleblower awards.
Politics and GovernmentBusinessFederal GovernmentLegalEconomyFinancial Markets CFTCWhistleblower RulesProposed RulemakingPublic CommentWhistleblower AwardFinancial RegulationGovernment
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CFTC Seeks Public Comment on Event Contract Rule Amendments
The CFTC is seeking public comment on a Notice of Proposed Rulemaking. The proposed amendments to Regulation 40.11 and new Appendix F address event contracts and prediction markets, aiming to refine public interest determinations.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal CFTCEvent ContractsPrediction MarketsProposed RulemakingPublic CommentRegulation 40.11Financial Regulation
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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