{"id":502522,"date":"2022-10-21T07:35:49","date_gmt":"2022-10-21T04:35:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-regulator-touts-to-aggressively-police-crypto-in-new-report\/"},"modified":"2022-10-21T07:35:49","modified_gmt":"2022-10-21T04:35:49","slug":"us-regulator-touts-to-aggressively-police-crypto-in-new-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-regulator-touts-to-aggressively-police-crypto-in-new-report\/","title":{"rendered":"# US regulator touts to \u2018aggressively police&#8217; crypto in new report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fd2102bef9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fd2102bef9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-regulator-touts-to-aggressively-police-crypto-in-new-report\/#%E2%80%9D_US_regulator_touts_to_%E2%80%98aggressively_police_crypto_in_new_report_%E2%80%9C\" >&#8221; US regulator touts to \u2018aggressively police&#8217; crypto in new report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_regulator_touts_to_%E2%80%98aggressively_police_crypto_in_new_report_%E2%80%9C\"><\/span>&#8221; US regulator touts to \u2018aggressively police&#8217; crypto in new report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNjY0ZTA5MjQtM2QwZC00ZTliLTk3YTAtZTU3YzljNmI2MWFiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>The U.S. commodities regulator certainly doesn\u2019t want to look like it&#8217;s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year.\u00a0<\/p>\n<p>In an Oct. 20 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cftc.gov\/PressRoom\/PressReleases\/8613-22\">report<\/a> from the Commodity Futures Trading Commission (CFTC), a total of 82 enforcement actions were filed in 2022\u2019s fiscal year, imposing $2.5 billion in \u201crestitution, disgorgement and civil monetary penalties either through settlement or litigation.\u201d<\/p>\n<p>The CFTC said that 20% of the enforcements were aimed at digital asset businesses, with chairman Rostin Behnam stating: <\/p>\n<blockquote><p> \u201cThis FY 2022 enforcement report shows the CFTC continues to aggressively police new digital commodity asset markets with all of its available tools.\u201d<\/p><\/blockquote>\n<p>One of the more recent CFTC enforcement actions that gained notoriety in the crypto world was a $250,000 penalty against bZeroX, its successor Ooki DAO, and its founders in September.<\/p>\n<p>The action sparked fierce criticism from the community for going after the members of a\u00a0decentralized autonomous organization (DAO), with CFTC commissioner Summer Mersinger labeling the move a &#8220;blatant \u2018regulation by enforcement.\u2019&#8221;<\/p>\n<p>The CFTC also highlighted actions taken during the year against the operators of the Digitex Futures exchange for illegal futures offerings, manipulation of its native token DGTX, and failure to provide a customer identification and anti-money laundering program.<\/p>\n<p>It also took action against Bitfinex for engaging in \u201cillegal, off-exchange retail commodity transactions in digital assets with U.S. persons,\u201d and operating without registering as a futures commission merchant (FCM).<\/p>\n<p>Meanwhile, the report pointed to action against Tether Holdings for making \u201cuntrue or misleading statements\u201d and \u201comissions of material\u201d in connection with its USDT stablecoin Tether was ordered to pay a civil monetary penalty of $41 million. <\/p>\n<p>It also targeted South African Pool Operator and CEO Cornelius Johannes Steynberg with fraud charges for accepting around 29,400 BTC worth over $1.7 billion from <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 23,000 non-eligible contract participants from the United States in late June.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>CFTC action shows why crypto developers should get ready to leave the US<\/em><\/strong><\/p>\n<p>The crypto industry had previously favored the CFTC for being easier on digital asset regulation, however, chairman Rostin Behnam has vowed to come down hard on the asset class saying: \u201c\u2018Don\u2019t expect a free pass,\u201d earlier this month. <\/p>\n<p>Both the CFTC and Securities and Exchange Commission (SEC) are currently wrangling for control of crypto asset regulation. <\/p>\n<p>A bill submitted by senators Cynthia Lummis and Kirsten Gillibrand in June propose that the CFTC oversees crypto regulation which would be much better for the industry as the assets would be considered commodities rather than securities which have much more stringent rules.<\/p>\n<p>However, Congress is unlikely to turn its attention to digital asset regulation until sometime next year as confirmed by Congressman Jim Himes this week.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-regulator-touts-to-aggressively-police-crypto-in-new-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US regulator touts to \u2018aggressively police&#8217; crypto in new report &#8220; The U.S. commodities regulator certainly doesn\u2019t want to look like it&#8217;s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year.\u00a0 In an Oct. 20 report from the Commodity Futures Trading Commission (CFTC),&#8230;<\/p>\n","protected":false},"author":1,"featured_media":502523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNjY0ZTA5MjQtM2QwZC00ZTliLTk3YTAtZTU3YzljNmI2MWFiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75422,70934],"class_list":["post-502522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cftc","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=502522"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/502523"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=502522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=502522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=502522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}