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The Commodity Futures Trading Commission chief has declared unlicensed decentralized finance (DeFi) platforms illegal after searching for the term on Google. Commissioner Dan M. Berkovitz of the...

The Commodity Futures Trading Commission chief has declared unlicensed decentralized finance ( DeFi) platforms illegal after searching for the term on Google. Sponsored Sponsored Commissioner Dan M. Berkovitz of the U.S. CFTC made the comments during a June 8 keynote titled "Climate Change and Decentralized Finance: New Challenges for the CFTC."

CFTC - Commodity Futures Trading Commission

DeFi went under the microscope at a US Commodity Futures Trading Commission (CFTC) virtual meeting today, with one participant telling colleagues the emerging tech is "a game changer." ... The presentation from the Virtual Currencies Subcommittee gave a high-level overview of the existing DeFi landscape, and hinted that CFTC regulators may ...

DeFi Derivatives May Be Illegal: CFTC Commissioner - CoinDesk Bitcoin $ 20,700.26 +0.15% Ethereum $ 1,220.10 +0.74% Binance Coin $ 236.92 +0.16% XRP $ 0.332751 -2.45% Solana $ 36.98 -1.30% Binance...

Commissioner Dan Berkovitz ranked DeFi among the key challenges facing the CFTC, which regulates US markets in derivatives such as futures, swaps and options, in a speech to an asset management...

Heath Tarbert, the U.S. Commodity Futures Trading Commission ( CFTC) Chairman, is very positive about both blockchain and DeFi. He said that blockchain and distributed ledger technology (DLT) could "potentially revolutionize finance" and that DeFi represents a possible theoretical alternative to the 'too big to fail' centralized banks.

In the latest development, the Commissioner of Commodity Futures Trading Commission [CFTC], Dan M. Berkovitz has called for a crackdown on unregulated derivatives platforms in the decentralized finance world. CFTC ...

Commodity Futures Trading Commission (CFTC) commissioner Dan Berkovitz has claimed that DeFi derivatives platforms may not be legal. In a keynote address given on Tuesday and dubbed 'Climate Change and Decentralized Finance: New Challenges for the CFTC', Berkovitz claimed that DeFi derivatives platforms may contravene the Commodity Exchange ...

Dan Berkovitz, the commissioner of the U.S. Commodity Futures Trading Commission (CTFC), has come out against derivatives markets in DeFi. The term DeFi is shorthand for decentralized finance, a collection of crypto-based services and products that mirror many of those on offer in traditional finance, albeit with far fewer intermediaries. "Not only do I think that unlicensed DeFi markets for ...

CFTC Looks Into DeFi In a sign that regulators are eyeing up decenralized finance, the Commodity Futures Trading Commission's Technology Advisory Committee held an event Monday on "The Growth and Regulatory Challenges of Decentralized Finance", hosted by law professor Aaron Wright and attorney Gary DeWaal.

The CFTC is "an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options". According to his bio page at the CFTC's website, Berkovitz was nominated by President Trump to serve as a Commissioner on 24 April 2018.

The Commodity Futures Trading Commission (CFTC) filed an enforcement action against Polymarket, alleging it violated federal commodities laws and regulations by offering prediction markets in the...

CFTC commissioner Dan Berkovitz laid into DeFi in a speech this month, arguing that automated exchanges in their current form are a "bad idea" and potentially run afoul of the Commodity Exchange...

CFTC Commissioner Slams DeFi Derivatives Dan Berkovitz, Commissioner of the Commodity Futures Trading Commission, is taking a hard stance against DeFi. Speaking at the Asset Management Derivatives Forum 2021 Tuesday, Berkovitz aired his concerns with the decentralized finance sector.

the commodity futures trading commission (cftc) says it has received inquiries from derivatives clearing organizations (dco) or potential dco applicants seeking to offer clearing of margined...

CFTC Commissioner Dan M. Berkovitz has called for a crackdown on unregulated DeFi derivatives platforms. Commissioner Dan M. Berkovitz of the Commodity Futures Trading Commission (CFTC) believes ...

… deciding to (a) significantly broaden the bona fide hedging definition, (b) codify an expanded list of self-effectuating … does the final version of the rule fail to address these deficiencies in the proposal, it actually goes and makes … my gut. [1] Statement of Dissent by Commissioner Rostin Behnam Regarding Position Limits for Derivatives; Proposed …

DeFi Lunch (Ep 138) - May 23, 2022 - Bitcoin 8W bear candles / @twobitidiot Gensler bankers / CFTC $ETH is commodity / $FTM up 20…

Polymarket is under investigation The Commodity Futures Trading Commission (CFTC) is currently investigating the activities of the leading decentralized finance (DeFi) prediction platform Polymarket. This is according to a recent report by Bloomberg.

In a June 8 speech, the Commissioner stressed that the CEA requires derivatives like futures and options to be traded on CFTC licensed markets. Since DeFi platforms are unlicensed, the ...

"CTFC's action shows that many DeFi platforms exercise some measure of control over user activities and can therefore be held accountable by regulators, despite claiming to be fully decentralized and outside the scope of regulation.

Topics focused on developing DeFi and Ethereum's regulatory status and delved into CFTC intention against offshore derivative platforms considering the news of the day actions taken against BitMEX.

One analyst is noting that narratives regarding the CFTC's BitMEX charges being bullish for DeFi are bogus, and that it could hurt the sector. Advertise Submit a Press Release

CFTC fined Polymarket DeFi platform $1.4 million by Diana in DeFi News The US CFTC fined the Polymarket prediction platform $1.4M for servicing OTC binary options trading without proper registration. "Polymarket has offered over 900 different event markets since its beginning by hosting smart contracts on the blockchain to manage them.

As the Commodity Futures Trading Commission (CFTC) deliberates whether or not to allow FTX to algorithmically settle margin trades, its founder and CEO, Sam Bankman-Fried (SBF), recently revealed how DeFi works similar to a Ponzi scheme. In an eye-opening episode of the Odd Lots podcast, Bankman-Fried explained how yield farming works. The hosts weren't the only ones […]

Decentralized finance, DeFi, or Open Finance, uses smart contracts automatically executing on blockchains. Information on a blockchain is immutable, it cannot be changed without consensus, and trusted information can then be tokenized and traded. ... On 10 August 2021 the CFTC entered a consent order against five companies charged with ...

The total assets pledged as collateral in DeFi applications has soared in the past year, growing from less than $2bn to more than $50bn, according to data collected by DeFi Pulse. Cryptocurrency ...




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