CFTC Commissioner Dawn D. Stump has commented on the case against Coinbase and while, concurring with the regulator’s findings, he expressed his “serious concerns about the Commission’s dedication of resources to this matter involving an exchange for cash transactions in digital assets”. The Commissioner agrees that Coinbase is liable for reporting false trading information and for wash trading performed by a former employee, but the CFTC does not regulate cryptocurrency exchanges, she argues. “Coinbase has not offered any futures contract, option, or swap (collectively, “derivatives products”) regulated by the CFTC; ... (full story)