CFTC Crypto J Christopher Giancarlo regulation 

‘Crypto Dad’ Pens Heartfelt Open Letter Ahead of CFTC Exit

By CCN: J. Christopher Giancarlo, Chairman of the US Commodity Futures Trading Commission (CFTC), is preparing to step aside after five years on the job. The regulator, lovingly nicknamed “Crypto Dad,” penned a heartfelt open letter to the blockchain world ahead of his exit from the agency. The CFTC Has Always Been More Crypto-Friendly Than The SEC The CFTC, which regulates commodities and futures, has adopted a more accommodative stance towards crypto than the more guarded SEC. Having approved the launch of bitcoin futures contracts at the Chicago Board Options…

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CFTC Cory Johnson J Christopher Giancarlo regulation Ripple News 

We’re ‘Thrilled’ That Regulators Are Getting Involved in Crypto: Ripple Exec.

There’s a deep divide within the cryptocurrency community about whether increased attention from regulators is a positive step in the industry’s maturation process or an unnecessary roadblock to innovation. Ripple, the San Francisco-based blockchain startup and majority owner of the “bank-friendly” XRP cryptocurrency, has always tended toward the former view. Speaking during a recent interview with Fox Business, Cory Johnson, Ripple’s chief market strategist, doubled down on that assessment, stating that the company is “thrilled” to see regulators getting more involved. “One person’s regulation is another person’s protection. I believe…

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Bitcoin Crime CFTC Dillon Michael Dean 

U.S. Judge Slaps Bitcoin Fraudster with $1.9 Million in Penalties

The United States Commodity Futures Trading Commission (CFTC) has successfully prosecuted a bitcoin fraudster in connection with his criminal bitcoin investment program, which he used to extract hundreds of thousands of dollars from his victims. Announcing the successful case in a press release, the CFTC revealed that on July 9, 2018, Dillon Michael Dean of Longmont, CO, and The Entrepreneurs Headquarters Limited, his registered company, were ordered to pay more than $1.9 million in civil monetary penalties and restitution. ‘Misappropriated Funds’ According to the Order and Default Judgment delivered by…

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