CFTC Racked Up Crypto Enforcement Record in Past Year – Blockworks

The Commodity Futures Trading Commission (CFTC) said Thursday the crypto industry made up more than 20% of all enforcement cases filed for the 2022 financial year, as questions over which US regulator should police digital assets remain front and center.

Around 18 actions relating to digital assets were executed for the year reported, the commission said, including against the operators of the Digitex Futures exchange and Gemini’s alleged “false and misleading” statements relating to its application for a bitcoin futures contract in 2017.

Debate over which US regulator — the CFTC or the Securities and Exchange Commission (SEC) — should be the one charged with the industry’s oversight stems from arguments around the asset class’ definition as either a commodity or a security.

Source: CFTC Racked Up Crypto Enforcement Record in Past Year – Blockworks