Judge Jack B. Weinstein, who has served in New York's Eastern District since 1967, filed a 79-page preliminary injunction against a cryptocurrency trading advice firm that stands accused of fraud. The company in question was hardly a major player, but the ramifications of the order have the potential to impact the entire virtual currency market.
Tagged With cftc
The heads of the US Securities Exchange Commission and the Commodity Futures Trading Commission sat before a congressional committee today to restate their intent to regulate - but not stifle - cryptocurrency and its related offerings. During questioning, however, it became clear that foundational issues are stalling progress in cracking down on fraudsters.
Joint statements today from both the US Securities Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have effectively put a freeze on cryptocurrency futures trading in the US. The statements come after several crypto-based exchange-traded futures (ETFs) proposals were withdrawn last week, at the encouragement of the SEC.