The Commodity Futures Trading Commission's review of Binance Holdings has widened to include the possibility that the digital assets exchange or its staff might have been involved in insider trading and market manipulation, according to sources. Binance says the firm has a "strict ethical code" to prevent misconduct, including zero tolerance for insider trading.

President Joe Biden's two picks for positions at the Commodity Futures Trading Commission could potentially bring positive changes to the way the agency handles cryptocurrency regulation if acting CFTC Chair Rostin Behnam becomes permanent, experts say. With the addition of Kristin Johnson and Christy Goldsmith as commissioners, it is expected that "crypto-related issues would form an important part of their respective agendas if confirmed," says former CFTC general counsel Daniel Davis.

The US Commodity Futures Trading Commission has accepted an application from the UK Financial Conduct Authority to add four swap trading venues to the original list of registration-exempt venues issued at the end of the Brexit transition period. The exemptions for the three multilateral trading facilities and one organized trading facility operated by GFI and Integral will last until the end of 2021.

US Securities and Exchange Commission Chair Gary Gensler told the European Parliament's Committee on Economic and Monetary Affairs that cryptoassets are helping to break down borders between global markets and that future global regulation for the sector must focus on protection and financial stability. Gensler added that the SEC and the US Commodity Futures Trading Commission are working towards closing regulatory gaps surrounding the market.