Commodity Futures Trading Commission (CFTC) logo representing a federal enforcement action involving an alleged $14.8 million commodity pool fraud and crypto assets

CFTC Charges Commodity Pool Operator in Alleged $14.8 Million Fraud Involving Crypto Assets

WASHINGTON, July 7, 2026 — The Commodity Futures Trading Commission has filed a federal complaint against Trevor L. Vernon and Argent Capital Management LLC, alleging they fraudulently solicited and accepted at least $14.8 million from more than 60 participants into a commodity pool that traded equity index futures, options on equity index futures and crypto assets.

United States Capitol building in Washington, D.C.

CFTC Joins SEC Interpretation Clarifying Treatment of Crypto Assets

WASHINGTON, March 17, 2026 — The U.S. Commodity Futures Trading Commission said Tuesday, in a press release, that it joined an interpretation issued by the U.S. Securities and Exchange Commission clarifying how federal securities laws apply to certain crypto assets and transactions involving crypto assets.

CFTC Staff Letter No. 26-09 no-action letter

CFTC Staff Issues No-Action Position to Phantom on Self-Custodial Wallet Software

WASHINGTON, March 17, 2026 — Staff at the U.S. Commodity Futures Trading Commission (CFTC) said Tuesday they would not recommend enforcement action against Phantom Technologies Inc., a developer of self-custodial crypto asset wallet software, in connection with the company’s proposed provision and marketing of software designed to facilitate derivatives trading through registered intermediaries and trading venues, according to a CFTC press release.

U.S. Court of Appeals for the Ninth Circuit

CFTC Files Amicus Brief in Ninth Circuit on Exclusive Jurisdiction Over Event Contracts

WASHINGTON, February 17, 2026 — The U.S. Commodity Futures Trading Commission filed an amicus curiae brief in the U.S. Court of Appeals for the Ninth Circuit explaining that Congress granted the Commission exclusive jurisdiction over commodity derivatives markets under the Commodity Exchange Act, including event contracts commonly referred to as prediction markets, according to a CFTC press release.