CFTC-PR-9017-24 (12-11-24) (CFTC-PR-2412) Los Angeles Federal Court Orders Five Individuals to Pay Over $5 Million for Digital Asset Fraud and Misappropriation Scheme Excerpt: December 11, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced U.S. District Court, Central District of California, issued a consent order against Marco A. Ruiz Ochoa of Nashua, New Hampshire, and an […]
Category: Digital Assets
Digital Assets are transforming the world of finance and creating new opportunities for individuals, businesses, and governments. While challenges and risks exist, the potential benefits of this emerging technology are undeniable. As the technology matures and regulations evolve, digital assets are poised to play an increasingly important role in the global economy.
CFTC-PR-9015-24 (12-10-24) (CFTC-PR-2412) CFTC Charges Washington State Pastor with Fraud, Misappropriation in Multilevel Marketing Scheme Targeting Hispanic Americans Excerpt: December 10, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced a civil enforcement action in the U.S. District Court for the Eastern District of Washington against Francier Obando Pinillo, doing business as Solanofi, Solano Partners Ltd., and Solano […]
CFTC-PR-9009-24 (11-21-24) (CFTC-PR-2411) CFTC’s Global Markets Advisory Committee Advances Recommendation on Tokenized Non-Cash Collateral Excerpt: November 21, 2024 – WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Global Markets Advisory Committee, sponsored by Commissioner Caroline D. Pham, today advanced a recommendation to expand the use of non-cash collateral through the use of distributed ledger technology. […]