CFTC

The Justice Department has a new squad of crypto-cops, a new taste for white-collar criminal enforcement, a new demand for cyber-ransom notifications. And if you happen to know where all of Tether’s money is, it would appreciate a call on that, as well.

Allegedly. What I can tell you from on-the-ground reporting is that it is also very, very hot in a literal sense.

Incredible, we know.

A more perfect addition to the blockchain we can’t imagine.

Those parties being the IRS, and the people he was shilling ‘coins to.

Looking for comment letters on undoing everything Jay Clayton did over the last four.

Gary Gensler and Ted Kaufman are not the kind of people big finance want to see in positions of influence.

The amazing thing is that such a provision was ever even considered, we suppose.

Sure, he’s been a government employee for three-and-a-half years, but that hasn’t stopped Robert Bowes from also being a day-trader.

That, of course, means another round of fines.

There won’t be consistency, but there will be a more consistent range of made-up numbers you have to put on a check.

Jay Clayton & co. have injected $64 million and counting into the economy.

And one of them is asking the CFTC to sort the whole damned mishegas out.

In fact, it’s almost certainly a scam, according to the CFTC. Who could imagine such a thing?

Of course, they’ll have a hell of a time proving it, but they just want to make themselves clear.

Especially if you’re gonna lose a few hundred million dollars. Which, by the way, if you had that risk manager…

It’s cheap, it’s (somewhat) effective and it makes everyone happy (except for the people going to jail).

Former Citadel lawyer leaving her job at Coinbase for senior markets oversight gig at CFTC...no, really.