Over a fifth of cases in CFTC’s 2022 crackdown were crypto-related
2022/10/21 00:31
According to Coindesk, the U.S. Commodity Futures Trading Commission (CFTC) brought 82 enforcement actions in fiscal year 2022 – a whopping 22% of which were filed against crypto-related entities. According to the federal regulator’s annual enforcement report published Thursday, the CFTC celebrated several of its big wins from the fiscal year, including filing charges against Tether and Bitfinex, which settled for a combined $42.5 million last October. “In the face of unprecedented financial market conditions directly impacting American consumers, emerging technological disruption and growing retail investor participation, the CFTC continues its unwavering commitment to a robust enforcement program ensuring the markets we oversee are open, transparent, fair and competitive,” CFTC Chairman Rostin Behnam wrote in a press statement.
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