Foresight Daily

  • Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that if Congress does not pass comprehensive digital asset regulation, fiat-based stablecoins will be treated as commodities.
  • The Japanese financial regulatory agency has filed an administrative lawsuit against FTX Japan, demanding that it retain domestic assets by June 9.
  • Mt. Gox’s largest creditor, Mt Gox Investment Fund, plans to hold rather than sell the bitcoins it will receive as compensation this year. The fund chose to receive early payment in September rather than wait for all lawsuits to be resolved. It will receive 90% of Mt. Gox’s remaining assets, approximately 70% in bitcoin and 30% in cash.