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CFTC Says Over 20% Of Cases It Handled This Year Involved Crypto
According to a statement released by the CFTC on October 20, its Division of Enforcement (DOE) had 82 enforced actions for fiscal year 2022, with 18 of these conducts related to cryptocurrencies.
Himanshu S.
12:50 23rd Oct, 2022
Policy

In terms of percentage, the digital asset class accounted for more than 20% of all filings made by the CFTC for this year.

Commissioner Rostin Benham, commenting on the development, said:

“This FY 2022 enforcement report shows the CFTC continues to aggressively police new digital commodity asset markets with all of its available tools.”

Among those actions taken by Benham’s office this year was the filing of case against bZeroX DAO, investigating the manipulation of the native token of Digitex Futures and an alleged $1.7 billion fraud.

CFTC also imposed its authority over failures of registering a designated contract maker (DCM), futures commission merchant (FCM) and swap execution facility (SEF).

Following this, Benham confidently expressed their readiness to regulate the tricky space of crypto as preparations for them to become a fully financed regulator of this particular industry are already underway.

Source



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