1 year ago
The Commodity Futures Trading Commission (CFTC) has revealed that it filed a grounds fig of crypto enforcement actions this fiscal year. “In FY 2023, the CFTC brought 47 actions involving behaviour related to integer plus commodities, representing much than 49% of each actions filed during that period,” the regulator shared.
Record Number of Crypto Enforcement Actions
The Commodity Futures Trading Commission (CFTC) released its enforcement results for Fiscal Year 2023 connected Tuesday, showing “a record-setting fig of integer plus cases.”
The regulator explained that its Division of Enforcement (DOE) “filed 96 enforcement actions charging fraud, manipulation, and different important violations successful divers markets, including integer assets and swaps markets, resulting successful implicit $4.3 cardinal successful penalties, restitution, and disgorgement.”
Noting that his bureau remains “laser-focused connected stopping and deterring fraud and manipulation successful the U.S.,” CFTC Chairman Rostin Behnam said:
I americium arrogant of the Division of Enforcement’s groundbreaking enactment successful the integer plus space, which resulted successful a grounds fig of cases.
The bureau elaborate that it “filed high-profile complaints addressing frauds by large exchanges, idiosyncratic Ponzi-schemers, and others; obtained a first-of-its-kind litigation triumph against a decentralized autonomous organization; charged and won different litigation triumph against a integer plus futures platform; brought an innovative litigation involving cross-market manipulation successful blockchains; and continued its efforts to support the nationalist successful the decentralized concern space.”
Emphasizing that the CFTC has “cemented its estimation arsenic a premier enforcement bureau successful the integer plus space,” the bureau stated:
In FY 2023, the CFTC brought 47 actions involving behaviour related to integer plus commodities, representing much than 49% of each actions filed during that period.
Among the high-profile cases pursued by the CFTC are those targeting Sam Bankman-Fried (SBF) and FTX, Binance, Voyager, and Celsius Network. Additionally, the CFTC took enactment against 3 decentralized finance (defi) platforms successful September.
Some judge that the CFTC is amended suited to oversee the crypto assemblage than the U.S. Securities and Exchange Commission (SEC). Several bills person been introduced successful Congress to marque the CFTC the superior regulator of the crypto spot markets.
What bash you deliberation astir the CFTC filing a grounds fig of enforcement actions against the crypto manufacture this year? Let america cognize successful the comments conception below.
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