US CFTC Commissioner Johnson Speaks

Enforcement action against crypto firms may have peaked after last month's $4.3 billion settlement with Binance, as such cases provide companies with a "template" for how they should be governed, a senior U.S. regulator said on Tuesday. Binance's settlement with the Commodity Futures Trading Commission (CFTC) and Treasury Department, negotiated by the Justice Department, was for breaking U.S. anti-money laundering and sanctions laws. U.S. regulators have brought several cases against crypto firms such as Binance, helping to establish ...

Good morning, thank you very much Nandini Sukumar for the kind invitation to join you today at the World Federation of Exchanges Annual Meeting. As is customary, I note that my contributions today are my own and do not reflect the views of my colleagues or the capable, indefatigable efforts of the Commission Directors or staff. Following the global financial crisis, a period characterized by the onset of the COVID-19 pandemic and geopolitical conflict in Europe, specifically Russia’s invasion of Ukraine, marked an almost ...

A Commodity Futures Trading Commission official said Tuesday that she hopes to find a “path forward” in the regulator’s legal battle with crypto exchange Binance, noting that no decision has been taken yet on whether to settle the case or take it to court. Kristin N. Johnson, commissioner at the CFTC, said that the regulator has been in conversations with Binance to address its concerns about the company’s conduct. The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month, alleging the platform ...

On Tuesday, bitcoin (BTC) rallied by 3.24%. Reversing a 2.80% loss from Monday, BTC ended the day at $30,391. A mixed start to the day saw BTC fall to an early morning low of $29,169. Steering clear of the First Major Support Level (S1) at $29,036, BTC rose to a mid-day high of $30,527. BTC broke through the First Major Resistance Level (R1) at $30,064 before briefly falling to sub-$30,000. However, BTC broke back through R1 to wrap up the day at $30,391. Gary Gensler Grilling and Macroeconomic Data Deliver a Rebound In the morning ...

Commodity Futures Trading Commission Commissioner Kristin Johnson is advocating for the agency to introduce new cryptocurrency rules while also calling on Congress to enhance the agency’s authority. The Democratic commissioner said she is encouraging CFTC Chair Rostin Behnam and fellow commissioners to “consider with the utmost urgency initiating a notice and comment process,” in a speech given at Duke University on Jan. 21, but only shared publicly on Wednesday. Johnson said the process should ensure the agency has more visibility ...