News · Cointelegraph

Your fridge could one day stake Ether, launch memecoins: CFTC chair

CFTC Chair Michael Selig said autonomous AI agents could challenge financial rules built around human traders, and regulators need to adapt. At the agency's inaugural Frontier Forum in Washington, he offered the example of a refrigerator buying groceries with money earned from staking Ether, or even launching its own memecoin. An eToro survey found that 79% of U.S. millennial investors and 77% of Gen Z investors already used or were open to using AI to select or adjust their investments. Selig raised questions about whether AI agent developers would need to register, who would be liable if an agent went rogue, and whether a new know-your-agent (KYA) standard is needed. He also said AI could help smaller traders access risk management tools, but agents could react unexpectedly, similar models could create correlated trading behavior, and the speed of autonomous transactions could complicate market surveillance.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Cointelegraph ↗

Keywords

CFTCcryptoartificial intelligenceregulation

Open a keyword to see other news on the same topic.

Related tickers and likely impact

ETH/USDT

• Neutral

Ethereum

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$285.6B
Close on 10/28/20262,359.68
Change that session+0.40%
ETH/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Polymarket faces renewed CFTC probe over U.S. access to offshore platform

    The Commodity Futures Trading Commission is investigating whether Polymarket violated a 2022 settlement meant to bar U.S. users from its offshore platform, according to a person familiar with the matter. The probe is part of a broader investigation opened earlier this year, which followed a Wall Street Journal report that Polymarket paid content creators to post videos of simulated trades and fabricated wins. The CFTC is examining the platform's location-detection controls, its U.S. advertising, and the onboarding and protection measures of its U.S. platform, launched in late December. In 2022, Polymarket paid a $1.4 million civil penalty and stopped serving U.S. users, while earlier probes were closed in July 2025. Polymarket declined to comment, and the CFTC did not respond to a request for comment.

    CNBC·cryptoregulationCFTC
  • U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures

    The CFTC filed a brief arguing that CME Group has not shown its business is harmed by the agency's new push into perpetual futures, so it lacks legal standing to challenge the policy. The regulator approved the first bitcoin perpetual from Kalshi in May and says it will regulate such products case by case as futures, while CME insists perps are swaps because they have no expiration date. The CFTC noted that CME's crypto futures volume has risen since the policy change and said CME cannot take one position in court and another on earnings calls. TD Cowen analyst Jaret Seiberg warned that rapid growth in perps during the litigation could complicate unwinding the market if CME prevails.

    CoinDesk·• BTC/USDT• ETH/USDTcryptoregulationfutures
  • CFTC Wants to Drop Gemini's $5M Settlement. A Judge Just Said No

    U.S. District Judge Alvin Hellerstein of the Southern District of New York denied a joint motion by Gemini and the CFTC to vacate the $5 million settlement the exchange agreed to in January 2025. In his October 15 ruling, he found that the CFTC's shift in enforcement priorities and alleged misconduct within its enforcement division were not sufficient grounds to reopen a signed consent order. The permanent injunction barring Gemini from making false or misleading statements to the CFTC remains in place, and the $5 million penalty, already paid, will not be refunded. The case is rare because a court held firm while the regulator retreated from its own case, leaving Gemini under a compliance overhang as the CFTC takes a softer stance toward crypto.

    Decrypt·cryptoregulationGemini
  • CFTC Chairman Michael Selig Says New Crypto Rules Are Coming Soon. Here's What Crypto Investors Need to Know.

    The Clarity Act failed a procedural Senate vote on Sept. 15, but CFTC Chairman Michael Selig said the agency would pursue crypto rules under its existing powers. On Oct. 5, the CFTC issued an advance notice of proposed rulemaking, the first formal step, targeting the middle tier of exchanges that offer margin trading. Proposed measures could require proof of reserves, segregation of client money from house money, and new listing reviews examining token ownership concentration and vesting schedules. After a 60-day public comment period following Federal Register publication, a proposed rule could follow, with final rules likely in 2027. The article says Hyperliquid faces the most exposure, since its core perpetual futures business falls on the top tier that the proposal does not cover.

    Yahoo Finance·▲ BTC/USDT▲ ETH/USDTcryptoregulationCFTC
  • U.S. judge rejects Gemini’s appeal to void $5 million settlement despite CFTC backing

    U.S. Judge Alvin Hellerstein rejected a joint request from Gemini and the CFTC to overturn Gemini’s $5 million settlement from January 2025, even though the CFTC said the case should never have been brought. The judge ruled that the CFTC’s changed position was not enough to undo the deal and rejected Gemini’s claim that regulators coerced it into settling. Gemini has already paid the $5 million and remains under a court order barring it from misleading the CFTC or publicly denying the settlement’s findings. The CFTC had sued in 2023, alleging Gemini misled regulators during a 2017 review of a proposed bitcoin futures contract; Gemini settled three weeks before trial without admitting or denying the allegations. The ruling means the earlier judgment stands, even though the regulator and company agree it should be withdrawn.

    CoinDesk·cryptoGeminiregulation
  • Judge rejects CFTC, Gemini bid to undo $5M settlement

    US District Judge Alvin Hellerstein rejected a joint request by Gemini and the CFTC to overturn Gemini's $5 million settlement from January 2025, even though the regulator concluded it would not pursue the case under current enforcement standards. He ruled that changes in CFTC enforcement priorities and alleged misconduct by its enforcement division, including reliance on a questionable whistleblower, were not enough to justify reversing the deal. The judge noted that Gemini already knew of problems with the case when it agreed to settle shortly before trial, and that the new internal CFTC documents did not change that. The ruling keeps a permanent injunction barring Gemini from making false or misleading statements to the CFTC, and the $5 million penalty already paid will not be refunded.

    Cointelegraph·Geminicryptoregulation

Related markets

Crypto →

Latest news

  • Vincom Retail's Nine-Month After-Tax Profit Reaches VND 4,737 Billion, 88% of Plan Completed

    Vincom Retail (VRE) released its consolidated Q3 2026 financial report under Vietnamese Accounting Standards (VAS). In Q3, net revenue reached VND 2,374 billion, up 5.5%, including VND 2,285 billion from leasing and related services (up 7.6%); profit after tax was VND 1,522 billion, up 10.6% (25.6% excluding an extraordinary income item recorded in Q3 2025). For the nine months, net revenue totaled VND 7,041 billion (up 7.9%) and profit after tax VND 4,737 billion (up 25.1%), equal to 72% and 88% of the 2026 business plan. During the quarter, Vincom Plaza Đan Phượng opened at 100% occupancy and drew about 25,000 visitors per day in its first three days. Nine-month footfall reached 171.1 million visits to shopping centers (up 8.5%) and 20.4 million to commercial streets (up 14.5%).

    CafeF·▲ VREearningsretailreal estate
  • Tesla Is Flying in Europe, and We Aren't Talking About the Roadster -- 1 Big Concern Remains

    Tesla recorded a record 66,035 vehicle registrations in Europe in September, surpassing its previous high of 60,934 in March 2023; the figure may rise by at least 1,000 once Lithuania and Portugal report. The Model Y led the European market with nearly 41,000 registrations (up 55%), and the Model 3 posted over 25,050, more than doubling its September 2025 volume. However, registrations swung widely during the quarter, with the Model Y at only 5,138 in July, and the September push was helped by inventory shipped from Shanghai. The main concern is that Chinese automakers are following the same export strategy: Chinese brands' registrations rose 104% in September to a 14.5% market share, the highest combined share they have reached, with Leapmotor up 324%.

    Yahoo Finance·▲ TSLATSLAelectric vehiclesEurope
  • Alphabet (GOOGL) Q3 2026 Earnings Call Transcript

    Alphabet reported Q3 2026 revenue of $127.6 billion, up 25% year over year, with Google Cloud reaching $30.7 billion (up 103%) on strong demand for AI infrastructure and TPU system sales. Google Search and other revenue reached $63.3 billion (up 12%), YouTube ad revenue $11.2 billion (up 9%), and subscriptions, platforms and devices $14.3 billion (up 11%). Operating income rose 30% to $40.6 billion, but non-GAAP EPS fell to $2.12 from $2.87 due to unrealized investment losses, and free cash flow was negative $9.1 billion, including a $5.2 billion payment for a European Commission fine. Google Cloud's backlog stood at $561 billion, with about 55% expected to be recognized as revenue over the next 24 months. Management warned of a larger FX headwind in Q4, near-term margin pressure in Cloud from using third-party compute capacity, and slower search revenue growth as it laps last year's acceleration.

    Yahoo Finance·• GOOGLGOOGLearningscloud computing
  • Microsoft (MSFT) Q1 2027 Earnings Call Transcript

    Microsoft reported first quarter 2027 revenue of $92.3 billion, up 19%, with Microsoft Cloud revenue reaching $63.9 billion (up 30%) and Azure growing 48%. Non-GAAP EPS was $4.89, up 18%, and cash flow from operations rose 29% to $58 billion. Commercial remaining performance obligation reached $677 billion, up 73%, while capital expenditures totaled $45.2 billion, with 75% allocated to short-lived assets such as CPUs and GPUs for AI infrastructure. Management said demand for AI services still exceeds available supply and projected second-quarter revenue of $96 billion to $97.1 billion and capex of over $50 billion. Windows OEM revenue fell 27% due to partner inventory drawdowns and weaker PC demand, and some third-party capacity deliveries were delayed.

    Yahoo Finance·• MSFTearningsartificial intelligencecloud computing
  • Is Google Losing Search Momentum To AI? Analysts Weigh In As Management Blames Currency Headwinds, FIFA World Cup

    Alphabet (GOOGL) shares fell 10% in overnight trading after third-quarter revenue and profit both missed market expectations. Google Search & other revenue grew 12% to $63.3 billion, slowing from 17% in the second quarter, while total advertising sales rose 10.6% to $82.01 billion. Chief Business Officer Philipp Schindler attributed the slowdown mainly to foreign exchange rates, along with weaker spending by some Asia-Pacific retail advertisers affected by the EU's elimination of its de minimis exemption, and an unusually strong second quarter boosted by FIFA World Cup advertising. He also said AI Mode has fewer built-in ads and therefore generates less revenue. Meanwhile, Google Cloud sales rose a record 103% to $30.71 billion and total revenue rose 25% to $127.6 billion; analyst Gene Munster said the 12% search growth was below expectations and estimated growth could land around 11% in the December quarter, versus the 13.5% the Street currently expects.

    Yahoo Finance·▼ GOOGLearningsadvertisingartificial intelligence
  • World Bank Expert: Old Model Cannot Help Vietnam Become 'Rich'

    According to Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia and Laos, the model of abundant labor, rapid capital accumulation and trade integration helped Vietnam escape poverty but will not take it to high-income status. The working-age population peaked in 2014, so growth must now come from productivity, which is only about $6.7 of value added per worker-hour, less than half of China's level, while the FDI sector (73% of export turnover) has thin links to domestic firms. The World Bank proposes four measures: prioritizing job quality, improving connectivity across markets, people and localities, with about $400 billion needed for transport and energy infrastructure, turning climate risks into growth opportunities, and reforming institutions so the state shifts from planning to enabling. UK Ambassador Iain Frew said the UK-Vietnam Free Trade Agreement and both countries' CPTPP membership are creating new opportunities for businesses.

    VnExpress·World BankVietnamGDP growth

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.