• Market Cap: $1,143,665,298,264.83
  • 24h Vol: $29,732,777,859.74
  • BTC Dominance: 44.85%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

CFTC will remodel LabCFTC, education office to increase regulatory efficiency

Jon Hartney by Jon Hartney
July 25, 2022
in Bitcoin, Blockchain, Business, Market
0
CFTC will remodel LabCFTC, education office to increase regulatory efficiency
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

CFTC chair Rostin Behnam spoke at a webinar about how the agency, even lacking broad authority, is trying to keep up with rapid developments in financial technology.

The United States Commodity Futures Trading Commission (CFTC), the regulatory agency that shares the main crypto regulatory responsibility with the Securities Exchange Commission, will undergo restructuring to become more proactive and comprehensive, CFTC chair Rostin Behnam announced July 25. LabCFTC, which was described as “the focal point for the CFTC’s efforts to promote responsible fintech innovation,” will become the Office of Technology Innovation (OTI) and report directly to the chairman’s office.

“We are now engaged in a more proactive and comprehensive effort across the agency to regulate these markets with the tools currently available to us,” Behnam said at a Brookings Institute webinar, adding, “Our core policy divisions are now directly addressing how the CFTC can leverage our existing authority to bring important regulatory protections to this market.”

Related articles

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023

Related: Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation

In addition, the commission’s Office of Customer Education and Outreach will be “realigned” within the Office of Public Affairs to serve better new retail participants in the market. The high level of retail participants distinguishes the digital assets market from other commodities, Behnam observed, citing CFTC studies that show:

“Trading indicative of retail participants makes up approximately 25% of long open interest in the Bitcoin futures market.”

Behnam also complained of regulators’ “collective analysis paralysis” while financial technology has surged ahead. Behnam was not always as calmly resigned to working within the agency’s current authorities, which lack market surveillance and oversight abilities, as he showed himself today. In February, he told the Senate Agriculture Committee, which oversees his agency, that its dependence on tips and whistleblowers to uncover illicit activity “a very, very narrow lens into what is actually happening in the market.”

Legislative proposals, such as the Lummis-Gillibrand bill and Digital Commodity Exchange Act grant the CTFC more authority over crypto markets.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

by Jon Hartney
June 9, 2023
0

The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt Gox server and stole 647,000

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

by Jon Hartney
June 9, 2023
0

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

by Jon Hartney
June 9, 2023
0

The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

by Jon Hartney
June 9, 2023
0

Bitcoin Argentina, an NGO dedicated to bitcoin adoption in the country, is hosting an event that promises to be a

WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge

WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge

by Jon Hartney
June 9, 2023
0

The loss is an indication that further challenges will be difficult, although Assange plans to renew his appeal next

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

June 9, 2023
Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires

June 9, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • US Justice Department charges two men in Mt. Gox Hack June 9, 2023
  • Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave June 9, 2023
  • DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined June 9, 2023
  • Argentina Ready To Support Bitcoin With Gathering And Event In Buenos Aires June 9, 2023
  • WikiLeaks Founder Julian Assange Facing Extradition After Losing Challenge June 9, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,449.00-0.67%
  • ethereumEthereum(ETH)$1,836.83-0.82%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$261.23-1.27%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.542.21%
  • staked-etherLido Staked Ether(STETH)$1,835.36-0.83%
  • cardanoCardano(ADA)$0.301966-7.02%
  • dogecoinDogecoin(DOGE)$0.0687241.03%
  • solanaSolana(SOL)$17.67-6.91%
  • matic-networkPolygon(MATIC)$0.74-5.92%
  • litecoinLitecoin(LTC)$89.200.76%
  • tronTRON(TRX)$0.071962-7.66%
  • polkadotPolkadot(DOT)$4.99-0.83%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • avalanche-2Avalanche(AVAX)$13.82-1.33%
  • shiba-inuShiba Inu(SHIB)$0.000008-1.41%
  • daiDai(DAI)$1.000.05%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,438.00-0.74%
  • uniswapUniswap(UNI)$4.59-1.31%
  • leo-tokenLEO Token(LEO)$3.51-0.43%
  • chainlinkChainlink(LINK)$5.97-0.77%
  • cosmosCosmos Hub(ATOM)$9.21-2.93%
  • okbOKB(OKB)$44.880.47%
  • moneroMonero(XMR)$142.65-0.28%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.690.60%
  • ethereum-classicEthereum Classic(ETC)$16.96-0.32%
  • stellarStellar(XLM)$0.0882731.07%
  • bitcoin-cashBitcoin Cash(BCH)$110.48-1.17%
  • true-usdTrueUSD(TUSD)$1.00-0.07%
  • lido-daoLido DAO(LDO)$2.190.31%
  • internet-computerInternet Computer(ICP)$4.220.69%
  • filecoinFilecoin(FIL)$4.02-2.15%
  • quant-networkQuant(QNT)$107.68-3.09%
  • hedera-hashgraphHedera(HBAR)$0.048258-0.69%
  • crypto-com-chainCronos(CRO)$0.057940-1.94%
  • AptosAptos(APT)$7.37-4.19%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-0.20%
  • nearNEAR Protocol(NEAR)$1.39-2.36%
  • vechainVeChain(VET)$0.017092-4.89%
  • apecoinApeCoin(APE)$2.84-2.87%
  • paxos-standardPax Dollar(USDP)$1.00-0.05%
  • fraxFrax(FRAX)$1.00-0.09%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • the-graphThe Graph(GRT)$0.110871-2.69%
  • BSCEXBSCEX(BSCX)$261.4883.53%
  • eosEOS(EOS)$0.890.09%
  • rocket-poolRocket Pool(RPL)$47.31-0.36%
  • algorandAlgorand(ALGO)$0.1245670.20%
  • elrond-erd-2MultiversX(EGLD)$34.73-1.10%
  • blockstackStacks(STX)$0.64-3.28%
  • the-sandboxThe Sandbox(SAND)$0.473412-3.20%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,973.67-0.82%
  • aaveAave(AAVE)$59.89-0.31%
  • optimismOptimism(OP)$1.34-3.72%
  • render-tokenRender(RNDR)$2.26-0.45%
  • fantomFantom(FTM)$0.287732-3.36%
  • tezosTezos(XTZ)$0.83-1.30%
  • theta-tokenTheta Network(THETA)$0.75-1.78%
  • usddUSDD(USDD)$1.00-0.04%
  • decentralandDecentraland(MANA)$0.407340-3.38%
  • immutable-xImmutableX(IMX)$0.730.59%
  • Bitget TokenBitget Token(BGB)$0.504.28%
  • axie-infinityAxie Infinity(AXS)$6.05-3.45%
  • BitDAOBitDAO(BIT)$0.478137-0.61%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.15%
  • radixRadix(XRD)$0.067008-0.71%
  • havvenSynthetix Network(SNX)$2.04-1.32%
  • kucoin-sharesKuCoin(KCS)$6.70-1.58%
  • flowFlow(FLOW)$0.62-1.92%
  • neoNEO(NEO)$9.00-1.15%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.76-1.33%
  • galaGALA(GALA)$0.025668-2.01%
  • terra-lunaTerra Luna Classic(LUNC)$0.000100-1.12%
  • bitcoin-cash-svBitcoin SV(BSV)$29.95-1.27%
  • gatechain-tokenGate(GT)$4.141.80%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.28%
  • makerMaker(MKR)$625.15-0.51%
  • injective-protocolInjective(INJ)$6.90-1.66%
  • kavaKava(KAVA)$0.94-5.39%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • klay-tokenKlaytn(KLAY)$0.1641800.79%
  • bittorrentBitTorrent(BTT)$0.000001-0.46%
  • xdce-crowd-saleXDC Network(XDC)$0.0358303.10%
  • pax-goldPAX Gold(PAXG)$1,919.86-0.54%
  • Tokenize XchangeTokenize Xchange(TKX)$6.14-0.24%
  • iotaIOTA(MIOTA)$0.176842-2.11%
  • tether-goldTether Gold(XAUT)$1,960.20-0.18%
  • PepePepe(PEPE)$0.0000014.46%
  • compound-ethercETH(CETH)$36.89-0.93%
  • casper-networkCasper Network(CSPR)$0.043250-1.73%
  • huobi-tokenHuobi(HT)$2.911.29%
  • conflux-tokenConflux(CFX)$0.225383-3.44%
  • chilizChiliz(CHZ)$0.087004-1.14%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.19-1.07%