CFTC Cracks Down Harder on Cryptocurrency Fraud Under Trump

The Commodity Futures Trading Commission (CFTC) has bolstered its police actions in the last fiscal year, driven largely by cryptocurrency cases, according to The Wall Street Journal. Under President Trump, the federal derivatives market regulator levied about $900 million in civil penalties in 2018 alone, exceeding the annual amount in five of the eight years …

Kraken CEO Powell ‘Thanks’ New York AG For Its Crypto Research

Jesse Powell, CEO of Kraken, doesn’t like the way the New York State cryptocurrency regulators have treated him, but he doesn’t think their research is without its merits. After calling the regulators abusive in an earlier tweet today, he followed up by tweeting that the agency’s research in a recently released report has saved his …

Bitcoin Exchange Mt Gox CEO Mark Karpeles Disputes U.S. Fraud Lawsuit

Mark Karpeles has urged a U.S. federal judge in the state of Illinois to dismiss a fraud lawsuit brought on by former customers of the now-defunct bitcoin exchange Mt. Gox, by insisting that the U.S. court has no personal jurisdiction over him in Japan. Representatives for Mark Karpeles told U.S. District Court Judge Gary Feinerman …