Shipkevich Bitcoin and ICO Attorney

CFTC

Felix Shipkevich January 19, 2018

Joint Statement Addressing Virtual Currency by CFTC and SEC Enforcement Directors. Both the CFTC and the Security Exchange Commission (SEC) became increasingly active last year enforcing their jurisdiction in the virtual currency landscape. On December 2017 the SEC Chairman Jay Clayton issued a statement on the state of Cryptocurrency and Initial Coin Offerings (ICOs). Promptly the […]

Felix Shipkevich January 19, 2018

On January 18, 2018 the CFTC filed a civil enforcement action and a federal civil enforcement action in the U.S. District Court for the Eastern District of New York against The Entrepreneurs Headquarters Ltd., and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), respectively, for fraudulent schemes. Both charges involve fraud in Bitcoin virtual currency, signaling the Commission […]

Felix Shipkevich January 11, 2018

FIA Response to CFTC Allowing Self-certification Bitcoin Futures and Products Last year the CFTC became active establishing its jurisdiction in the cryptocurrency landscape. The Commission released a primer on Virtual Currency and declared Bitcoin is a commodity under the Commodity Exchange Act. By mid-December 2017 the Commission had launched its own webpage for bitcoin and […]

Felix Shipkevich January 10, 2018

Protecting America’s Agricultural Markets: Agricultural Futures Markets Conference On April 5th through 6th, 2018, the CFTC will partner with the Kansas State University Center for Risk Management Education and Research to jointly host the first-ever conference for U.S Agricultural Futures Markets. The Agricultural Futures Markets Conference will focus on current macro-economic trends of American agricultural futures markets. “Kansas […]

Felix Shipkevich January 9, 2018

CFTC Chairman J. Christopher Giancarlo received a letter today from U.S. Senate Committee on Agriculture, Nutrition, and Forestry Chairman Pat Roberts and Ranking member Debbie Stabenow supporting CFTC commitment to equivalence agreement with the European Commission (EC), and pledge support for future CFTC decisions. After years of negotiations, the CFTC and EC reached a bi-partisan equivalence […]

Felix Shipkevich January 4, 2018

CFTC Background on Oversight of and Approach to Virtual Currency Futures Markets Along with Chairman J. Christopher Giancarlo’s statement on Bitcoin and virtual currency, the CFTC issued a letter explaining the Commission’s approach to regulating Bitcoin futures markets. Their aim is to clarify their jurisdiction and regulatory approach to Bitcoin products. It provides a background on […]

Felix Shipkevich January 4, 2018

After commending the Securities Exchange Commission’s statement on Initial Coin Offerings (ICO), CFTC Chairman J. Christopher Giancarlo released his own statement on Bitcoin and Virtual Currency today. ICOs and Cryptocurrency have posed a great challenges to regulation agencies after their exponential growth in 2017. The SEC announced it took regulatory actions against ICO scams last year […]

Felix Shipkevich December 21, 2017

The Division of Clearing and Risk (DCR) responded to letter from the International Swaps and Derivatives Association, Inc. (ISDA) from November requesting extensions of CFTC exemption from the swap clearing requirement for inter-affiliate swaps and extension of no-action relief letters by the Commission. The Division of Market Oversight (DMO) responded to the ISDA request for extension […]

Felix Shipkevich December 21, 2017

Mintco Precious Metals Traders Fined and Banned by CFTC Court Order Federal Court sides with CFTC Enforcement Actions filed on September 2015 against Florida-based Mintco LLC and their owners Stuart Rubin and Richard Q. Zimmerman. Consent Orders by Federal Judge Beth F. Bloom fines Mintco $250,000 and Zimmerman $45,000, as well as a 3-year trading […]

Felix Shipkevich December 19, 2017

The CFTC defines its authority over retail commodity transactions involving virtual currency and Bitcoin after it brought enforcement actions against Bitfinex for not meeting “actual delivery” exemption. On Friday 15th 2017 the CFTC released a Proposed Interpretation of its view of the term “actual delivery” exception that may apply to virtual currency transactions under the Commodity […]