3 years ago
James Rubin is CoinDesk's U.S. quality exertion based connected the West Coast.
The Commodity Futures Trading Commission (CFTC) volition adhd resources and summation its efforts to code cryptocurrency-related fraud and manipulation cases, bureau Chairman Rostin Behnam said Wednesday, The Wall Street Journal reported.
In video remarks astatine the Chainalysis Links conference, Behnam said that the CFTC was facing a surging fig of these types of cases.
In the past fiscal year, the bureau filed 23 crypto-related cases, astir fractional the full fig of its enforcement actions involving integer assets since 2015.
"Headlines astir the nonaccomplishment of tens of millions of dollars successful integer assets owed to protocol exploits, phishing attacks, preying connected susceptible radical and different fraudulent and manipulative schemes person go acold excessively common," helium said.
In a confirmation proceeding for the president relation past October, Behnam said that the CFTC was acceptable to instrumentality superior work for crypto enforcement. “I deliberation it’s important for this committee to reconsider and see expanding authorization for the CFTC,” Behnam said.
The contented has been a large constituent of statement among lawmakers and regulators, immoderate of whom judge the Securities and Exchange Commission should capable the superior bull role.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
Please enactment that our
cookies, and
do not merchantability my idiosyncratic information
has been updated.
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a
strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of
Digital Currency Group, which invests in
and blockchain
startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of
stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
James Rubin is CoinDesk's U.S. quality exertion based connected the West Coast.
James Rubin is CoinDesk's U.S. quality exertion based connected the West Coast.
Sign up for State of Crypto, our play newsletter examining the intersection of cryptocurrency and government
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 