News Centre

New Challenge Seeks To Tackle Online Crypto Investment Fraud With Innovation - Partnership Between Alberta Securities Commission, Edmonton Police Foundation And Edmonton Police Service Welcomes Proposals To Combat Rising Scams

Date 04/09/2024

The Alberta Securities Commission (ASC) has partnered with the Edmonton Police Foundation (EPF) and the Edmonton Police Service (EPS) to launch the ScamShield: Investor Protection Challenge to seek new and innovative solutions to address the growing threat of online crypto investment fraud.

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On DeFi Enforcement Action Involving Uniswap Protocol

Date 04/09/2024

I respectfully dissent on In re Universal Navigation Inc., a decentralized finance (DeFi) enforcement action involving the Uniswap Protocol[1] on the Ethereum blockchain, because there is no evidence in the administrative record that describes the specific terms and/or characteristics of the “Leveraged Tokens” as characterized in the settlement order. Without such information, it is not possible to perform an appropriate product legal analysis of the Leveraged Tokens to determine whether they are a CFTC-jurisdictional product, and, therefore, whether the CFTC has the authority to bring this enforcement action in the first place and whether a violation of the Commodity Exchange Act (CEA) or CFTC regulations has actually occurred.

Office Hours With Gary Gensler: AI Washing, SEC Chair Gary Gensler, Washington D.C., Sept. 4, 2024

Date 04/09/2024

What might a 1957 Tony Award winning musical, The Music Man, have to do with artificial intelligence and the Securities and Exchange Commission?

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding Settlement With Uniswap Labs

Date 04/09/2024

Today, the Commodity Futures Trading Commission (“CFTC” or “Commission”) once again swings its proverbial enforcement “hammer” against another DeFi protocol.  Given that the Commodity Exchange Act (“CEA”) and CFTC rules were written for traditional, centralized market infrastructure providers and intermediaries, it was my hope that one day soon the Commission would consider rulemaking, or at the very least guidance, making clear how DeFi protocols could comply with them.  Unfortunately, today is not that day.

CFTC Issues Order Against Uniswap Labs For Offering Illegal Digital Asset Derivatives Trading

Date 04/09/2024

The Commodity Futures Trading Commission, as part of its continuing enforcement focus in the digital asset decentralized finance (DeFi) space, today issued an order filing and settling charges against Universal Navigation Inc. d/b/a Uniswap Labs, a Delaware company based in New York. The order finds Uniswap Labs illegally offered leveraged or margined retail commodity transactions in digital assets via a decentralized digital asset trading protocol. The order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged. 

CFTC Staff Issues No-Action Letter Related To Reporting And Recordkeeping Requirements For Fully Collateralized Binary Options

Date 04/09/2024

The Commodity Futures Trading Commission today announced the Division of Market Oversight and the Division of Clearing and Risk have taken a no-action position regarding swap data reporting and recordkeeping regulations in response to a request from LedgerX LLC d/b/a MIAX Derivatives Exchange LLC (MIAXdx), a designated contract market and derivatives clearing organization.

FESE Response To The ESMA Consultation On CTP And DRSPS

Date 04/09/2024

FESE wishes to thank ESMA for its work on the challenging task of developing draft technical standards related to CTPs. FESE welcomes many of the proposals and has leveraged the expertise of its members as future data contributors to provide thoughtful feedback on certain elements that could be refined. 

OCC August 2024 Monthly Volume Data

Date 04/09/2024

OCC, the world's largest equity derivatives clearing organization, announced today that year-to-date average daily volume through August 2024 was 47.6 million contracts. Total monthly volume for August 2024 was 1,067.3 million contracts.

August 2024 Figures At Eurex

Date 04/09/2024

• Total volume on Eurex rises by 16 percent in August compared to August 2023
• Interest rate derivatives at Eurex up 24 percent this August year-on-year 
• Notional outstanding in OTC Clearing increased by 11 percent compared to August 2023 

Instituto BME Signs Collaboration Agreement With The Dominican Republic Stock Exchange (BVRD)

Date 04/09/2024

• BME's training centre, which has taught more than 137,500 students over its three decades of history, strengthens its presence in Latin America