Digital Assets archive
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Viewpoint - Lessons from the Year of Crypto
FTX's unlawful use of customer money should not completely overshadow the groundbreaking ideas it was proposing to disrupt finance. Direct access to exchanges, auto-liquidation, real-time margining—these ideas are not going away. Whether we like it or not, these new approaches to market structure will continue to challenge our way of doing business.
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US Senate hearing focuses on urgent need for crypto regulation
US Commodity Futures Trading Commission Chairman Rostin Behnam testified before the Senate Agriculture Committee on 1 December, discussing lessons learned from the collapse of FTX.
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FIA joins other trade associations in industry response to second Basel consultation on cryptoassets
FIA also files a supplemental letter urging regulators not to penalise client clearing.
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US senators express support for expanded CFTC oversight in digital commodities markets
The US Senate Committee on Agriculture, which oversees the US Commodity Futures Trading Commission, held a hearing on 15 September to discuss the Digital Commodities Consumer Protection Act, a bipartisan legislative proposal that would grant the CFTC additional oversight over spot digital commodities markets.
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Viewpoint – Digital assets are the topic in DC this summer
Chair Debbie Stabenow (D-MI) of the Senate Agriculture Committee and Ranking Member John Boozman (R-AR) introduced the Digital Commodities Consumer Protection Act of 2022 last week. This much-anticipated legislation would give the Commodity Futures Trading Commission (CFTC) new tools and authorities to regulate the cash digital asset commodity market while leaving the regulation of digital assets that are deemed securities to the US Securities and Exchange Commission (SEC).
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CFTC roundtable on non-intermediation focuses on FCM benefits and default waterfalls
The US Commodity Futures Trading Commission hosted a wide-ranging and at times contentious discussion on issues related to intermediation in derivatives trading and clearing on 25 May. The roundtable event was more than six hours long, and included representatives from CFTC-registered derivatives clearing organizations (DCOs) and futures commission merchants (FCMs) as well as trading firms, asset managers, agricultural industry representatives, academics, public interest groups, and others.
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US Congress questions industry on merits and risks of FTX's non-intermediated model
US lawmakers questioned experts in the derivatives industry on May 12 about the recent proposal from FTX US Derivatives to clear margined products using a non-intermediated model. The hearing conducted by the US House of Representatives Committee on Agriculture was titled "Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models," and featured testimony from FIA President and CEO Walt Lukken.
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US lawmakers quiz CFTC on digital assets
The US House Agriculture Committee held a hearing on 31 March featuring Rostin Behnam, chairman of the US Commodity Futures Trading Commission, to discuss the agency's current priorities and upcoming work areas. The hearing, titled "The State of the CFTC," was dominated by questions related to the regulation of futures based on bitcoin and other digital assets.
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Crypto regulation comes under the spotlight at Boca
Panelists from US and EU regulators discuss who should be the crypto sheriff in their jurisdictions
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'Same activity, same risk, same regulation'
Opening remarks of Walt Lukken, President and CEO of FIA, at the FIA Boca conference. In his speech, Lukken discussed innovation, crypto derivatives and the importance of well-regulated markets.
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