Ethereum News Daily TheBitTimes.com

In 2023, the majority of CFTC’s whistleblower awards involved crypto fraud schemes, said Christy Goldsmith Romero, a commissioner of the regulator. As the crypto market remains the top spot for malicious actors and hackers, the U.S. Commodity Futures Trading Commission (CFTC) continues to double down on the area with its whistleblower program. In a statement on Oct. 31, CFTC Commissioner Christy Goldsmith Romero said most of the agency’s $16 million awards this year involved crypto . She particularly noted the $15 million the agency awarded to “two whistleblower s who provided significant information and assistance that led the CFTC to bring separate successful enforcement cases.” It is unclear if those cases had anything to do with crypto , though. “With the rise of crypto , more retail customers have come under the CFTC’s jurisdiction, making even more critical the efforts of the CFTC’s Whistleblower Program and the Office of Customer Education and...

Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed. Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission has claimed. Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission, said that it’s legally possible for ETH to fall under the jurisdiction of both regulatory agencies. Laura Shin, Dan Berkovitz and Colin Lloyd speaking on the Unchained podcast. Source: YouTube The ongoing confusion over Ether’s legal status stems in large part from conflicting statements from the CFTC and the SEC. Over the course of the last six months, the CFTC has repeatedly called Ether, along with a number of other cryptocurrencies, a commodity. Meanwhile, the Gary Gensler-led SEC hasn’t explicitly provide...