U.S. regulators alleged the exchange traded digital assets without verifying customer identities and implementing an anti-money laundering program.
The CFTC says the exchange misrepresented the volume and liquidity of digital assets including bitcoin on its GDAX cryptocurrency exchange platform.
The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."
The digital dollar would be distributed through commercial banks and other trusted payment processors.
Ether futures will begin trading in U.S. markets in the near future.
Regulators say Options Clearing Corp. failed to establish and enforce policies and procedures involving financial risk management.
The company allegedly made more than $5 million in profits and savings from improper wheat futures trading.
The CFTC says the bank's traders "openly joked about" their efforts to manipulate the global benchmark for interest rate products.
Amy Shelly of Options Clearing Corp. faces several challenges in replacing the organization's outdated platform.
Bitcoin futures are “a potentially huge step in the evolution of the digital currency, making trading bitcoin easier" for banks and investors.
Nicholas Gelfman allegedly solicited investors with false claims that he would generate a 7% to 9% monthly return from a fund for trading Bitcoin.
