Press Release Today TheBitTimes.com

The Commodities and Futures Trading Commission ( CFTC ) has released its annual report for 2023, detailing a record number of enforcement actions this year — 50% of which involved crypto or digital assets. Released on Tuesday, the CFTC’s annual results for fiscal year 2023 outlined several high-profile cases that have reverberated through the crypto industry. Charges brought against Sam Bankman-Fried, FTX, Alameda Research, and his co-conspirators received first mention in the report, followed by its case against Binance and its founder, Changpeng Zhao. This year’s “litigation victories,” as the CFTC puts it, featured several more crypto cases . July’s complaints against Celsius and its chief exec Alex Mashinsky made the honor roll, along with charges against Avraham Eisenberg and a first-of-its-kind enforcement against Ooki DAO. Not to mention a whopping $1.7 billion civil monetary penalty (CVM) against Mirror Trading International, marking th...

Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies. The United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance for violations of trading and derivatives laws. The lawsuit, filed on March 27, alleged that the global crypto exchange offered its derivatives trading services to U.S. customers without applying for a derivatives license. The lawsuit from the commodities watchdog in the U.S. took many by surprise with market observers and reporters claiming it to be a political move. Eleanor Terrett, a Fox news reporter tweeted that sources close to the CFTC suggest the commodities regulator decided to go for a lawsuit in order to show the Securities and Exchange Commission (SEC) that this is a commodities issue rather than a securities one. than a securities one. They also say "Vegas odds" have the @SECGov rushing out a similar lawsuit against @ Binance as a count...