US CFTC chief pomises more ‘precedent-setting’ crypto enforcement cases

02/04 03:14

One of the U.S. agencies trying to bolster oversight of cryptocurrency trading, the Commodity Futures Trading Commission (CFTC), is looking toward a big year of crypto enforcement actions, according to Chairman Rostin Behnam. His agency is “working towards another strong year of precedent-setting cases,” Behnam said in remarks prepared for delivery Friday at an American Bar Association event. He said budget increases at the CFTC will help support “growing our enforcement and surveillance teams.” “The CFTC has brought important, precedent-setting cases against those who illegally offer derivatives or leveraged, margined or financed digital asset products to US customers or operate within the United States,” he said He promised to use “the full breadth of the commission’s authority” in going after illegal transactions in digital assets.
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