U.S. Commodity Futures Trading Commission Chairman Rostin Behnam announces departure on January 20, aligning with SEC Chair Gary Gensler’s exit as President-elect Donald Trump takes office, impacting future crypto regulation. • #Breaking • #Crypto • $BTC • (+8) • ↗
Rostin Behnam will step down as CFTC Chairman on January 20, 2025, coinciding with Gary Gensler’s SEC exit, impacting crypto regulation. • #Breaking • @CFTC • (-3) • ↘
@GeminiTrustCo settles with CFTC for $5M over claims of misleading information on Bitcoin futures contract proposal, avoiding trial set for Jan 2025. This marks a significant regulatory action under Biden as Trump prepares for second term. • #Breaking • #Legal • @GeminiTrustCo • (+8) • ↗
@Gemini will pay a $5M civil penalty to settle a CFTC lawsuit alleging misleading statements about Bitcoin futures approval, avoiding a trial. The CFTC accused Gemini of false claims regarding manipulation risks. • #Breaking • #Legal • @Gemini • (+8) • ↗
In a significant bipartisan effort, eight U.S. House Democrats, including Reps. Wiley Nickel and Yadira Caraveo, are advocating for a bill to regulate the burgeoning digital asset markets, aiming to create a safer, more transparent cryptocurrency sector—a crucial move towards comprehensive cryptocurrency regulation in the U.S.
