CFTC orders two foreign firms to pay $2.5 million for illegal off-exchange transactions
Platforms and service providers must not facilitate off-exchange leveraged retail commodity trades for non-ECP U.S. customers.
CFTC
12 briefs
CFTC issues no-action relief for DCMs converting perpetual-style digital commodity futures, expiring 30 June 2026
DCMs can convert perpetual-style digital commodity futures to true perpetuals only by meeting the letter's conditions and filing before the relief expires 30 June 2026
CFTC adopts FDTA joint data standards for financial regulatory reporting
Regulatory-reporting and data teams at CFTC-reporting firms must migrate to the FDTA common identifiers and machine-readable submission formats as the joint standards take effect
CFTC rescinds no‑deny settlement policy
The CFTC rescinded its no‑deny settlement policy and will not enforce existing no‑deny clauses, freeing defendants in CFTC enforcement matters to settle while publicly denying the allegations.
CFTC approves bitcoin perpetual contract as futures, requires Regulation 40.3 review for all other perpetual listings
KalshiEX must operate BTCPERP under full CEA and CFTC compliance; all other DCMs must obtain separate Regulation 40.3 approval before listing any perpetual contract on assets outside the Order.
CFTC staff advisory sets pre-conditions for DCMs, SEFs, DCOs, and FCMs extending to 24/7 trading, clearing, and settlement
DCMs, SEFs, DCOs, and FCMs must satisfy CFTC staff expectations and conduct asset-class suitability assessments before extending operations to 24/7 trading, clearing, or settlement — proceeding without that pre-compliance creates enforcement exposure.
CFTC MPD issues no-action letter on FCM transfers of customer crypto assets to foreign brokers as margin
FCMs posting customer-owned digital commodities or stablecoins with affiliated foreign brokers as margin must satisfy MPD's specified conditions and ensure the foreign broker holds a right of re-use — transfers outside those conditions carry full enforcement exposure.
CFTC staff grants event-contract reporting no-action relief
Event-contract venues need no-action letter coverage before skipping SDR reporting
CFTC grants capital substituted compliance for France nonbank swap dealers
France nonbank swap dealers need CFTC confirmation before using substituted compliance
CFTC proposes clearing-rule shift for CAD and MXN interest-rate swaps
Swap-clearing teams must remap CAD and MXN clearing scope before the comment window closes
US District Court enters consent order banning Andrew Middlebrooks and EIA All Weather Alpha Fund from CFTC registration and commodity trading activity
Commodity pool operators cannot engage Middlebrooks or EIA All Weather Alpha Fund for CFTC-registered or client-trading activities because the consent order permanently bars trading-for-others, solicitation/acceptance of trading funds, and CFTC registration
CFTC staff grants supplemental no-action relief on swap reporting and recordkeeping for Gemini Titan and Olympus
Compliance teams at Gemini Titan, Olympus, and trading participants must operate within the no-action letter's terms to retain CFTC staff non-enforcement on swap reporting and recordkeeping