The U.S. Commodity Futures Trading Commission (CFTC) has released its annual sanctions report for 2022. The report drew attention to the details about the sanction actions on cryptocurrencies.
The CFTC’s executive division report for fiscal year 2022, ending September 30, has been released. The report, which also includes details on sanction actions on cryptocurrencies, indicates that enforcement actions will be taken this year. from 20% stressed that more of them took place on crypto-related issues. contained in that report 18 of 82 enforcement actions are specific to cryptocurrencies. was stated.
Described as the “good cop” of crypto regulation, the CTFC is responsible for including digital asset activities during the 2022 fiscal year. over $2.5 billion completed the executive order. These lawsuits include an executive order against a South African crypto pool operator holding over $1.7 billion in Bitcoin (BTC), and Gemini stablecoin issuer with Tether There were also lawsuits filed against them.
It was claimed that the companies, which were cited as the main reason for the lawsuits, made false statements about their products. Institution, decentralized finance First sanction against an entity in the (DeFi) field Ooki DAO applied on it.
CFTC Chairman Rostin Behnam made the following statements in his statement on the subject:
This 2022 financial sanctions report shows that the CFTC continues to aggressively monitor new digital commodity asset markets with all available instruments.