Bridging the Week by Gary DeWaal: December 4 – 8 and December 11, 2017 (Bitcoin Futures; Report Card; Initial Coin Offering; Disclosing Customer Information)

Published Date: December 11, 2017

After a week that witnessed Bitcoin soaring to over US $17,000 at one point, CBOE Futures Exchange commenced trading cash-settled Bitcoin futures on Sunday night – albeit with a temporary website crash. But CFE’s launch of its newest futures contract, as well as other upcoming scheduled launches of cash-settled Bitcoin derivatives contracts, is not without controversy. Separately, CME Group exchanges received a generally good report card from the Commodity Futures Trading Commission following a rule enforcement review. However, CFTC staff raised concerns about certain warning letters issued by constituent exchanges and recommended that either the exchanges or futures commission merchants heighten surveillance to ensure that suspended traders don’t trade. As a result, the following matters are covered in this week’s edition of Bridging the Week:

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ABOUT GARY DEWAAL

Gary DeWaal

Gary DeWaal is currently Special Counsel with Katten Muchin Rosenman LLP in its New York office focusing on financial services regulatory matters. He provides advisory services and assists with investigations and litigation.


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ABOUT KATTEN

Katten is a firm of first choice for clients seeking sophisticated, high-value legal services in the United States and abroad.

Our nationally recognized practices include corporate, financial services, litigation, real estate, environmental, commercial finance, insolvency and restructuring, intellectual property, and trusts and estates.

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Gary DeWaal
Katten Muchin Rosenman LLP
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