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      CFTC Seeks Comment on Crypto Asset Transactions and Event Contracts, FinCEN Withdraws Unhosted Wallet Rule and Prediction Markets Litigation Continues

      The CFTC issued an advanced notice of proposed rulemaking seeking public comment on its proposed fit-for-purpose rules for crypto assets subject to the Commodity Exchange Act. The CFTC also published a notice of proposed rulemaking that proposes providing additional market clarity by expressly further defining the term “swap” to include event contracts....
      By: Paul Hastings LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud