The CFTC alleges a North Carolina commodity pool operator raised more than $14 million from investors through fake performance reports and a Ponzi-like scheme.
AMBCrypto•Adewale Olarinde8 Jul
The U.S. Commodity Futures Trading Commission has commenced a civil action in federal court against Trevor Vernon and Argent Capital Management LLC. According to regulators, the defendants operated an illegal commodity pool engaged in the trading of cryptocurrencies, futures, and options. As mentioned in the complaint, nearly 60 individuals have
TheNewsCrypto•Lakshya Baskar8 Jul
Kalshi loses NY injunction bid as Judge Torres says state gambling laws may apply to sports contracts despite CFTC oversight claims in case.
CFTC sues Trevor Vernon and Argent Capital over alleged $14M crypto pool fraud involving Bitcoin, Ether, futures, and investor funds misuse.
The Commodity Futures Trading Commission (CFTC) has sued Trevor L. Vernon and his firm, Argent Capital Management, over an alleged $14 million fraud involving a commodity pool that traded stock index futures, options, and crypto assets. The agency filed its complaint in the US District Court for the Western District of North Carolina. It accuses
BeInCrypto•Kamina Bashir8 Jul
The CFTC has launched a rare crypto-related enforcement action against a commodity pool operator that allegedly defrauded investors of more than $14 million.
Cointelegraph•Cointelegraph by Jesse Coghlan8 Jul
The CFTC charged a NC man and his company after the agency said he swindled about 60 people out of $14 million in a commodity pool.
The Block•Sarah Wynn7 Jul
This case underscores the critical need for investor vigilance and regulatory compliance to prevent financial fraud in emerging asset classes.
CryptoBriefing•Editorial Team7 Jul
The SEC and CFTC are asking for public comment on portfolio margining harmonization, a dry-sounding regulatory move that could still matter for institutions trading across crypto-adjacent derivatives markets. TL;DR This article was written
NewsBTC•NewsBTC Editorial Team6 Jul
The Supreme Court's 6-3 ruling in Trump v. Slaughter overturns a 91-year-old precedent shielding independent agency commissioners from at-will removal, with direct implications for SEC and CFTC leadership as the CLARITY Act nears a floor vote.
The Defiant•The Defiant Team1 Jul
On June 29, the US Supreme Court ruled that President Donald Trump had the authority to remove the Federal Trade Commission (FTC) Commissioner Rebecca Slaughter, rejecting the statutory limits that previously allowed FTC commissioners to be fired only for cause. This decision overturned Humphrey’s Executor, the 1935 precedent that had protected certain independent agency commissioners […]
CryptoSlate•Oluwapelumi Adejumo1 Jul
The CLARITY Act's passage could reshape digital asset regulation, potentially influencing market dynamics and future Federal Reserve policies.
CryptoBriefing•Estefano Gomez1 Jul
Massachusetts expands its Kalshi lawsuit, alleging under-21 targeting and illegal sports event contracts amid a wider CFTC court fight.
Jurisdiction over prediction market platforms is an ongoing dispute between the CFTC and multiple state regulators.
The Block•Danny Park30 Jun
CFTC has opened a wide ranging investigation into Polymarket’s business activities, including its social media operations, according to new reports. According to Bloomberg, the Commodity Futures Trading Commission is conducting an extensive investigation into prediction market platform Polymarket that covers…
The CFTC's action underscores the importance of regulatory compliance for foreign firms, highlighting risks for US investors using unregistered platforms.
CryptoBriefing•Editorial Team29 Jun
The court overturned a 91-year precedent, allowing President Trump to fire key federal regulators whenever he wishes for almost any reason.
The CFTC's expanded probe into Polymarket could set a precedent for regulating off-chain marketing practices in decentralized finance.
CryptoBriefing•Editorial Team29 Jun
The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.
The Defiant•The Defiant Team29 Jun
What is a digital commodity? Crypto regulated like gold, not stock. What the label means, the SEC vs CFTC split, and CLARITY Act.