On July 17, 2025, Congress passed the Guiding and Establishing National Innovation for U.S Stablecoins Act (“GENIUS Act” or “Act”) – a landmark piece of legislation that received bipartisan support and was signed into law by...more
7/30/2025
/ Blockchain ,
BSA/AML ,
CFTC ,
Commodity Exchange Act (CEA) ,
Cryptocurrency ,
Digital Assets ,
FDIC ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinCEN ,
FinTech ,
NCUA ,
New Legislation ,
OCC ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Stablecoins
On December 4, 2024, the Commodity Futures Trading Commission (“CFTC”) released its enforcement results for Fiscal Year 2024 (“FY 2024”), showcasing record awards of monetary relief totaling more than $17.2 billion....more
12/6/2024
/ CFTC ,
Civil Monetary Penalty ,
Compliance ,
Digital Assets ,
Enforcement Actions ,
Enforcement Statistics ,
Futures ,
Market Manipulation ,
Reporting Requirements ,
Risk Management ,
Swaps
On June 17, 2024, the CFTC filed a consent order against Trafigura Trading LLC, requiring the company to pay a $55 million civil monetary penalty and implement remedial measures. The CFTC’s order details three violations of...more
Last week, the CFTC updated its large trader position reporting rules for futures and options. First proposed in June 2023, this much-needed change modernizes a rule that had gone largely unchanged since the 1980s....more
5/10/2024
/ CFTC ,
Commodities Traders ,
Data Management ,
Due Process ,
Futures ,
Market Participants ,
New Rules ,
Notice Requirements ,
Regulatory Reform ,
Reporting Requirements ,
Stock Options ,
Traders
The Commodity Futures Trading Commission ("CFTC") recently released its enforcement results for Fiscal Year 2023 ("FY 2023"), which ran from October 1, 2022, through September 30, 2023. ...more
4/8/2024
/ Annual Reports ,
CFTC ,
Compliance ,
Confidential Information ,
Cooperation ,
Corporate Counsel ,
Digital Assets ,
Enforcement Actions ,
Enforcement Statistics ,
Professional Misconduct ,
Reporting Requirements ,
Risk Management ,
Spoofing
In a recent speech given at New York University’s School of Law, the Commodity Futures Trading Commission’s (CFTC’s) Director of Enforcement, Ian McGinley, unveiled a new advisory concerning penalties, monitors and admissions...more
On January 8, 2024, the U.S. Court of Appeals for the Fifth Circuit reversed a jury’s verdict in a Commodity Futures Trading Commission (“CFTC”) enforcement action against EOX Holdings, L.L.C. (“EOX”) and its employee, Andrew...more
1/15/2024
/ Affiliates ,
Appellate Courts ,
Block Trades ,
Brokers ,
CFTC ,
Civil Monetary Penalty ,
Commodity Exchange Act (CEA) ,
Enforcement Actions ,
Insider Trading ,
Jury Verdicts ,
Reversal ,
Securities and Exchange Commission (SEC)
New guidance from the Commodity Futures Trading Commission[i] may significantly change the calculus for firms considering whether to settle an enforcement action. Requiring admission of wrongdoing in a greater number of...more