Blockchain Report on Nostr: Former U.S. Congressman George Santos has reached a settlement with the Commodity ...
Former U.S. Congressman George Santos has reached a settlement with the Commodity Futures Trading Commission (CFTC) over allegations of manipulating a "State of the Union" wager contract. The agreement mandates Santos to return $17,569.98 in illegal profits and pay a civil penalty of $17,500, totaling approximately $35,100. Additionally, he is barred from trading for three years and must cease further violations of the Commodity Exchange Act and CFTC regulations. The case involved Santos trading a contract based on his own attendance at the 2026 State of the Union address and allegedly making material misrepresentations on social media to influence the contract's price in his favor.
#crypto #blockchain #news
Published at
2026-07-31 21:03:06 UTCEvent JSON
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"content": "Former U.S. Congressman George Santos has reached a settlement with the Commodity Futures Trading Commission (CFTC) over allegations of manipulating a \"State of the Union\" wager contract. The agreement mandates Santos to return $17,569.98 in illegal profits and pay a civil penalty of $17,500, totaling approximately $35,100. Additionally, he is barred from trading for three years and must cease further violations of the Commodity Exchange Act and CFTC regulations. The case involved Santos trading a contract based on his own attendance at the 2026 State of the Union address and allegedly making material misrepresentations on social media to influence the contract's price in his favor.\n\n#crypto #blockchain #news ",
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