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The Commodity Futures Trading Commission (CFTC) is pursuing more crypto crooks than ever before, with a record number of cases in the digital asset space. The CFTC brought 47 actions related to digital assets, resulting in over $4.3 billion in penalties, restitution and disgorgement. CFTC Chair Rostin Behnam is proud of the body’s work in the crypto space, and a number of decentralized finance (DeFi) protocols have been charged and settled with the CFTC. The CFTC noted that three DeFi projects—Opyn, Inc, ZeroEx, Inc., and Deridex, Inc.—have been illegally offering leveraged and margined retail commodity transactions in digital asset commodities. The Securities and Exchange Commission Chair Gary Gensler has been called on to testify before Congress about his agency’s ability to regulate the crypto industry, and the SEC was recently ordered to review an application from Grayscale to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, which the SEC rejected. #CFTC #Crypto #DeFi #DigitalAssets #SEC
You can read more about this topic here: Decrypt: Don’t Look Now Gary, CFTC Says It’s the ‘Premier Enforcement Agency’ in Crypto
