Celsius’ Mashinsky gets permanent trading ban in CFTC settlement
The US commodities watchdog has settled with Celsius founder Alex Mashinsky, ending the agency’s first-ever case against a crypto lending platform.
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State-level regulation of prediction markets could reshape the industry, challenging platforms to navigate diverse legal frameworks and consumer protections. The post California, Minnesota AGs question CFTC’s ability to regulate prediction markets appeared first on Crypto Briefing.
Read full articleThe US commodities watchdog has settled with Celsius founder Alex Mashinsky, ending the agency’s first-ever case against a crypto lending platform.
CME wants Kalshi's Bitcoin perp reclassified as a swap, not banned. That distinction reveals what's actually at stake in the CFTC lawsuit.
The settlement ensures that convicted Celsius founder Alex Mashinsky is unable to trade in CFTC markets or register with the regulator.
Nearly three years after Celsius unraveled, the CFTC has closed its civil enforcement case against founder Alexander Mashinsky with a federal consent order imposing permanent trading and registration bans. The decision marks another chapter in the fallout from a crypto lender that regulators alleged attracted about $20 billion in customer funds through misleading claims about […]
The offering follows regulatory approval earlier this year and comes as prediction markets face legal challenges from regulators, exchanges and policymakers around the world.
Harmonizing swap data reporting could reduce compliance costs and complexity, fostering a more efficient and transparent derivatives market. The post SEC and CFTC seek public comment to streamline swap data reporting appeared first on Crypto Briefing.
The legislation could reshape prediction markets, increasing compliance costs and potentially consolidating market share under regulated platforms. The post Rep. Bryan Steil introduces legislation to ban lawmakers from betting on prediction markets appeared first on Crypto Briefing.
A Southern California man will spend seven years in jail after orchestrating a multi-million dollar financial fraud scheme that targeted the elderly. Sylas Verdzekov was sentenced on Friday after pleading guilty last year to one federal count of conspiracy to commit money laundering, reports NBC Los Angeles. Prosecutors say that from November 2021 to February […] The post California Scammer Masterminds $10,000,000 Financial Fraud Scheme, Targets Elderly While Posing As Law Enforcement: Report appeared first on The Daily Hodl.