On May 5, 2025, several House committees jointly released a discussion draft of a bill to establish a regulatory framework for digital assets. Notably, this proposed Act would clarify the jurisdictional boundaries between the...more
5/29/2025
/ Blockchain ,
Broker-Dealer ,
CFTC ,
Commodity Broker ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Digital Securities ,
FinTech ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stablecoins ,
Technology
On May 21, 2025, the Commodity Futures Trading Commission’s (CFTC’s) Market Participants Division (MPD) and Division of Market Oversight (DMO) jointly issued a staff interpretive letter regarding cross-border definitions and...more
Key Points -
- A new memo suggests DOJ will continue to prosecute white collar fraud and crimes.
- DOJ identified 10 “high-impact” areas of focus, prioritizing crimes that cause harm to government programs, citizens, and...more
On April 17, 2025, three operating divisions of the Commodity Futures Trading Commission (CFTC) jointly issued an advisory to provide guidance on the materiality or other criteria they will use in deciding whether to make a...more
On March 27, 2025, the Futures Industry Association hosted a webinar with Brian Young, the director of the U.S. Commodity Futures Trading Commission (CFTC) Division of Enforcement. Although he noted that the opinions...more
4/1/2025
/ CFTC ,
Civil Monetary Penalty ,
Cooperation ,
Corporate Governance ,
Enforcement Actions ,
Penalties ,
Regulatory Oversight ,
Regulatory Requirements ,
Self-Reporting ,
Settlement ,
White Collar Crimes
On February 25, 2025, the Division of Enforcement of the Commodity Futures Trading Commission (CFTC or the Commission) issued an advisory to Division staff on how to evaluate self-reporting, cooperation and remediation credit...more
2/27/2025
/ CFTC ,
Compliance ,
Corporate Governance ,
Enforcement Actions ,
Financial Regulatory Reform ,
Penalties ,
Regulatory Requirements ,
Remediation ,
Reporting Requirements ,
Risk Management ,
Self-Reporting ,
White Collar Crimes
On February 4, 2025, CFTC Acting Chair Caroline D. Pham announced that the agency was reorganizing the Division of Enforcement’s nine task forces “to combat fraud and help victims while ending the practice of regulation by...more
2/7/2025
/ Anti-Money Laundering ,
CFTC ,
Commodity Exchange Act (CEA) ,
Digital Assets ,
Enforcement Actions ,
Enforcement Priorities ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Fraud ,
Market Manipulation ,
Regulatory Authority ,
Regulatory Reform ,
Securities and Exchange Commission (SEC)
Key Points -
- The incoming Trump administration is expected to take a more lenient approach to prosecuting entities, reducing emphasis on bringing actions based on what may be viewed as novel theories.
- Prescriptive...more
1/21/2025
/ CFTC ,
Compliance ,
Corporate Governance ,
Cryptoassets ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Legislative Agendas ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Technology Sector ,
Trump Administration
On April 11, 2024, Ian McGinley, the director of enforcement at the Commodity Futures Trading Commission (CFTC) addressed the New York City Bar Association Futures and Derivatives Committee to present the benefits of...more
On October 17, 2023, the Division of Enforcement (the Division) of the Commodity Futures Trading Commission (CFTC or the Commission) issued an advisory to Division staff providing guidance on what recommendations the Division...more
On September 7, 2023, the Commodity Futures Trading Commission (CFTC) issued three enforcement settlement orders against developers of decentralized finance (DeFi) protocols. The orders charge Opyn, Inc., Deridex, Inc., and...more
On June 7, 2023, the Securities and Exchange Commission (SEC) adopted two new rules to address misconduct in the security-based swaps market. The first rule prohibits fraud, manipulation and deception in connection with...more
On April 25, 2023, in In re Mizuho Capital Markets LLC, CFTC No. 23-24, the Commodity Futures Trading Commission (CFTC) issued an enforcement settlement order suggesting potentially heightened disclosure requirements for swap...more