On March 28, 2020, the Commodity Futures Trading Commission issued final interpretive guidance clarifying its position with respect to retail commodity transactions and the “actual delivery” exception in the context of digital assets.
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Commodity Exchange Act
CFTC Brings Charges in Fraudulent Bitcoin Trading Scheme
By Scott H. Kimpel on
On June 18, 2019, the Commodity Futures Trading Commission (CFTC) announced the commencement of a civil enforcement action (the Complaint) against two United Kingdom-based defendants, a purported Bitcoin trading company and its principal (collectively, the Defendants). The CFTC alleges that the Defendants perpetrated a wide-ranging fraud involving at least $147 million in Bitcoin from more than 1,000 customers.
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CFTC Publishes Primer on Smart Contracts
By Scott H. Kimpel on
The Commodity Futures Trading Commission (“CFTC”) recently published a detailed primer on smart contracts. The Primer discusses their functionality, use cases, regulatory environment and potential risks.
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