On April 4, 2025, the staff of the Commodity Futures Trading Commission ("CFTC") Market Participants Division ("MPD") issued compliance relief for registered swap dealers ("SDs") from the requirement to provide the so-called...more
Friday, March 27, 2025, the US Commodity Futures Trading Commission (CFTC) formally withdrew two crypto-related staff advisories, Staff Advisory No. 18-14 (advisory with respect to virtual currency derivative product...more
On March 13, 2025, the Commodities Futures Trading Commission (“CFTC”) issued Letter 25-05, withdrawing controversial and much-criticized Staff Letter 21-19 (“SEF Registration Advisory”), which was issued September 29, 2021...more
On March 11, 2025 at the 50th Annual International Futures Industry (“FIA”) Conference, Commodity Futures Trading Commission (“CFTC”) Acting Chairman Caroline Pham delivered a ground-breaking keynote covering administrative...more
3/21/2025
/ Capital Markets ,
CFTC ,
Cryptocurrency ,
Derivatives ,
Digital Assets ,
Enforcement Actions ,
Penalties ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Swaps
On November 3, 2023, the Commodity Futures Trading Commission (“CFTC”) proposed to significantly amend the rules on investment of customer funds by futures commission merchants (“FCMs”) and derivatives clearing organizations...more
11/14/2023
/ CFTC ,
Comment Period ,
Commodity Exchange Act (CEA) ,
Customer Funds ,
Derivatives Clearing Organizations ,
Futures Commission Merchants (FCMs) ,
Investment ,
Proposed Rules ,
Public Comment ,
Regulatory Agenda ,
Regulatory Reform ,
Swaps
On October 2, 2023, the Commodity Futures Trading Commission (the “Commission” or “CFTC”) published a notice of proposed rulemaking (the “Proposed Rule”) to amend CFTC Regulation 4.7, which provides exemptions to registered...more
Earlier this month members of Congress jointly introduced the “Energy Consumer Protection Act of 2023,” with the intention of expanding the Federal Energy Regulatory Commission’s (“FERC”) ability to address energy market...more
5/19/2023
/ CFTC ,
Commodities ,
Energy Market ,
Enforcement Authority ,
Federal Power Act ,
FERC ,
Jurisdiction ,
Legislative Agendas ,
Natural Gas Act ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Authority ,
Regulatory Reform ,
Trading Policies
On August 3, Senate Agriculture Committee Chairwoman Debbie Stabenow, a Democrat from Michigan, and John Boozman, the top Republican on the committee, introduced a bipartisan bill aimed at regulating digital assets....more
8/5/2022
/ CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Digital Markets Strategy ,
Financial Services Industry ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Authority ,
Regulatory Reform
Accurate and timely reporting of swap data is the cornerstone of swap regulation. The CFTC had promulgated its swap reporting rules in 2012, and were after 2012 among the first rules implementing the Dodd-Frank Act to...more
6/17/2022
/ Amended Rules ,
CFTC ,
Derivatives Clearing Organizations ,
Designated Contract Markets (DCMs) ,
Dodd-Frank ,
Regulatory Reform ,
Reporting Requirements ,
Swap Data Repositories ,
Swap Dealers ,
Swap Execution Facilities ,
Swaps