On June 25, 2020, the five commissioners of the Commodity Futures Trading Commission (CFTC), by a vote of three-to-two, withdrew proposed Regulation Automated Trading (Reg. AT), and by a vote
Continue Reading CFTC Cancels and Replaces Proposed Regulation AT
The CFTC has asserted that Bitcoin is, and other virtual currencies may be, commodities under the Commodity Exchange Act. As such, pursuant to Section 2(c)(2)(D) of such Act, “off exchange”
Continue Reading Financing Bitcoin: The Problem of Actual Delivery
On Sept. 25, 2017, the Program on Corporate Compliance and Enforcement and the Institute for Corporate Governance and Finance at New York University School of Law hosted a policy speech
Continue Reading Details on the CFTC’s New Self-Reporting Policy
President Trump has announced his intention to nominate Commodity Futures Trading Commission (CFTC) acting head J. Christopher Giancarlo as permanent chairman. This news is of high importance for the alternative
Continue Reading President Trump to Nominate CFTC Acting Head J. Christopher Giancarlo
We have previously provided updates1 on the Navinder Singh Sarao case, pending in the U.S. District Court for the Northern District of Illinois. After being charged in February 2015
Continue Reading The US Attorney, CFTC, and Navinder Sarao
Sarao, Coscia, and now the Berkshire Power Company, each charged with crimes – spoofing, fraud, false information – relating to commodity trading. Commodity traders likely have incorporated into their compliance
Continue Reading Coscia Gets 3 Years in Prison: The Criminalization of Trading Commodities?