ChainCatcher News, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham expressed support for the Department of Justice's announcement to terminate the policy of regulating the cryptocurrency industry through prosecution, and instructed the CFTC not to file lawsuits based on violations of the registration provisions of the Commodity Exchange Act in cases where the defendant lacks subjective intent.Additionally, she has adjusted the functions of the enforcement department to promote the swift resolution of compliance backlogs that do not involve customer harm or market abuse.

ChainCatcher news, according to a post by former Forbes business reporter Eleanor Terrett, the nominee for chairman of the Commodity Futures Trading Commission (CFTC), Brian Quintenz, has begun meeting with senators on Capitol Hill in preparation for his confirmation hearing.Quintenz met today with Republican Senator Chuck Grassley from Iowa to discuss CFTC-related matters, including the cryptocurrency spot market.It is reported that Grassley is a member of the Senate Agriculture Committee, which oversees the CFTC and will play an important role in whether the CFTC expands its regulatory authority over the cryptocurrency spot market.

ChainCatcher news, according to official sources, the cryptocurrency derivatives trading platform Bitnomial has officially launched XRP futures regulated by the U.S. Commodity Futures Trading Commission (CFTC). The physically settled XRP/USD futures are now available for trading on the platform.

ChainCatcher news, according to Cointelegraph, the cryptocurrency platform Debiex has been ordered to pay approximately $2.5 million for failing to respond to a lawsuit by the Commodity Futures Trading Commission (CFTC), which accused it of being part of a "pig butchering" scam. On March 13, U.S. District Judge Douglas Rayes in Arizona approved the CFTC's earlier motion for summary judgment and ordered Debiex to return approximately $2.26 million stolen from customers, along with a civil penalty of nearly $221,500. The judge stated that there was no evidence to suggest that Debiex's failure to respond to the CFTC was due to "excusable neglect."The CFTC filed a lawsuit against Debiex in January 2024, alleging that its employees carried out a so-called "pig butchering" scam, which involved establishing romantic relationships with clients through social media to gain their trust and persuade them to invest on the platform. The scam lured five victims to deposit approximately $2.3 million into Debiex, which "subsequently stole these funds."

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), stated that CFTC staff are engaging in communication and collaboration with SEC staff on digital assets and other related issues.Caroline Pham said: "We have restarted the dialogue at the staff level between CFTC and SEC. We hope to collaborate. In the past, we had a good working relationship, and I look forward to restoring that normal mode of cooperation."SEC Commissioner Hester Peirce also agreed with this. She stated: "The crypto working group has begun to identify what falls under the SEC's jurisdiction and what does not, which is very important. It is crucial to involve the public in the rule-making discussion; those affected by the rules should have the right to participate in the rule-making process."

ChainCatcher news, a16z Crypto managing partner and well-known investor Chris Dixon posted on the X platform that Brian Quintenz has been with a16z Crypto for over three years, initially serving as a senior advisor and later as head of policy. His expertise is invaluable to the cryptocurrency industry, and he will be an excellent chairman of the U.S. Commodity Futures Trading Commission (CFTC).ChainCatcher previously reported that Brian Quintenz expressed on social media that he is very honored to be nominated by Trump as the next chairman of the U.S. CFTC.

ChainCatcher news, according to Cointelegraph, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated: "The design of Bitcoin has already determined its scarcity. You can never own more than a certain amount of Bitcoin. Bitcoin is rapidly appreciating."

ChainCatcher news, Brian Quintenz stated on social media that he is very honored to be nominated by Trump as the next chairman of the U.S. CFTC.He mentioned that he previously served as a commissioner of the U.S. CFTC during Trump's last administration. The CFTC plays a key role in maintaining market price discovery and ensures that the U.S. remains a world leader in blockchain technology and innovation.Brian Quintenz also expressed his eagerness to work with President Trump's outstanding financial regulatory team.

ChainCatcher News, the U.S. Commodity Futures Trading Commission (CFTC) announced that a U.S. federal court has ordered the Brazilian founders of the illegal cryptocurrency investment platform EmpiresX to pay over $130 million in fines and restitution.On February 4, U.S. District Judge Cecilia Altonaga for the Southern District of Florida imposed a permanent injunction, financial penalties, and other legal actions against EmpiresX founders Emerson Pires, Flavio Goncalves, and their partner Joshua Nicholas.According to court documents, Empires Consulting operated a fraudulent investment scheme called EmpiresX, which falsely promised high returns to investors. Pires and Goncalves are accused of obtaining at least $40 million from victims through deceptive cryptocurrency advertisements.

ChainCatcher News: The U.S. Commodity Futures Trading Commission will hold a public roundtable in the coming weeks to review its regulatory approach to prediction markets, a move that could impact platforms like Kalshi and Polymarket.This roundtable will take place following the agency's information gathering on contracts related to sports events, aiming to collect opinions from market participants, legal experts, and industry stakeholders.

ChainCatcher news, according to the official announcement, the acting chair of the Commodity Futures Trading Commission (CFTC), Caroline D. Pham, is launching a series of public roundtable meetings to discuss the evolving trends and innovations in market structure, covering topics such as affiliated entities and conflicts of interest, prediction markets, and digital assets.Pham also reiterated last year's call for public participation and urged the CFTC to increase transparency in its policy approach to changes in the derivatives market.

ChainCatcher news, according to The Block, WeFi's growth director Agne Linge stated: "Although Trump did not mention Bitcoin or cryptocurrency in his inauguration speech, some investors who quickly sold off cryptocurrencies may be reconsidering after the appointments of Mark Uyeda and Caroline Pham as chairs of the SEC and CFTC, respectively.If the SEC can issue new rules allowing Web3 innovators to create new markets with blockchain potential, it would be a huge benefit for all stakeholders involved."

ChainCatcher news, sources say that U.S. President-elect Trump has chosen Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham to serve as the agency's acting chair.Sources say that the five commissioners of the CFTC voted on Monday to confirm Pham as acting chair. The commission typically approves the acting chair nominee selected by the incoming administration. Pham and a spokesperson for the CFTC declined to comment.

ChainCatcher news, according to PR Newswire, the cryptocurrency derivatives exchange Bitnomial announced plans to launch a derivatives clearing organization and stablecoin clearinghouse Bitnomial Clearinghouse regulated by the Commodity Futures Trading Commission (CFTC) on January 30, 2025.It is reported that during the transition period, Bitnomial will gradually cease trading of old clearing products on its platform, including processing all legacy contracts expiring on January 29 and listing all BNCH clearing contracts on January 30, involving physically settled Bitcoin futures and options.

ChainCatcher news, according to CoinDesk, Ian McGinley, the Enforcement Director of the Commodity Futures Trading Commission (CFTC), announced he will resign on January 17. He joined the agency in February 2023 and led enforcement actions against companies such as Binance, KuCoin, and Falcon Labs. In a statement announcing his resignation on January 17, Ian McGinley stated that "making the CFTC the primary enforcement agency for digital assets" was a top priority during his tenure.Reports indicate that Trump's transition team has set its sights on a long list of potential CFTC leaders, but has not acted as swiftly as it did during appointments at the Securities and Exchange Commission. However, if cryptocurrency legislation progresses in 2025, the CFTC may replace the SEC as the dominant regulator of the U.S. digital asset market.

ChainCatcher news, according to CoinDesk, sources revealed that the Commodity Futures Trading Commission (CFTC) is collecting customer data from the crypto prediction market Polymarket and has issued a subpoena to Coinbase. The CFTC is requesting Coinbase to provide information related to its interactions with Polymarket, and Coinbase has informed its customers that it may have to share this data. "When we receive government information requests, each request is carefully reviewed by a trained team of experts according to established procedures to determine whether it complies with legal requirements."