CFTC

The head of Wall Street’s top derivatives regulator said that financial market regulators are considering steps to rein in the crypto market if Congress doesn’t pass legislation.

The former CFTC chair is expected to face intense pressure from progressive Democrats in his new role, many of whom want him to promptly toughen oversight.

Much of the confirmation hearing revolved around trading January spikes in GameStop and other stocks.

The recent tumult involving GameStop and Robinhood has raised questions about whether broader risks for the financial system are brewing.

The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.

Speculative investors bought a net 206,227 S&P 500 E-mini contracts in the week to June 23, the most since 2007.

The $4.9 billion fund has come under close scrutiny as crude’s rapid plunge forced it to quickly shift some of its giant positions on short notice.

The $4.64 billion fund lost 75% of its value in two months.

“Americans need to know they have access to their money," Treasury Secretary Steven Mnuchin said.

Geopolitical friction and a slowdown in global economic growth have boosted the metal’s demand despite signs of recent wavering.

Bullion gains have intensified amid signs that the Fed and other central banks are turning more dovish on monetary policy.

Part of the problem stems from how slow regulators have been to define their views of virtual currencies.

The framework targets so-called plain vanilla funds, yet leaves in place a more laborious path for firms wishing to list complex products.

One topic under alleged examination is the monthly process through which prices of the benchmark’s futures contracts are calculated.

An unregistered advisor with little investing experience raised $1.4 million from family and friends and then squandered the money on bad investments, federal prosecutors say.

The scrutiny puts a spotlight on a small corner of the $3.4 trillion ETF industry.

So-called stable coins may be the “key to unlocking widespread adoption,” a virtual currency founder says.

The agency plans to split the award between just two people who reported the bank’s product-pushing tactics.