Coinbase, a prominent cryptocurrency exchange, has recently received the green light from the National Futures Association (NFA) to extend its services to include investment opportunities in cryptocurrency futures for eligible clients within the United States. On August 16, Coinbase proudly announced that it had been granted official authorization to function as a Futures Commission Merchant…
Read more
On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal precedent. This decision could be quite significant as it’s the…
Read more
The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto. The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific. Bankman-Fried tweeted…
Read more
