US-based independent auditing and regulatory agency CFTCwants to increase its authority in the crypto space.
Making you feel the intense pressure on cryptocurrencies SEC has been heavily criticized by investors. Especially Ripplewith SEC The lawsuit between the two highlighted the intensity of the crackdowns on crypto. With the influence of the SEC’s repressive attitude, Commodity Futures Trading Commission (CFTC) wants to have more authority over crypto assets. Cryptocurrency investors have a positive outlook for the CFTC.
CFTC Concentrates on Cryptocurrencies
Feeling the support of the community behind it, the CFTC began to toughen its sanctions. The organization, which shared the annual application results the other day, 82 enforcement cases he looked. In these cases 2.5 billionWhile fines were issued, only 18 cases were crypto-related.
The CFTC is only concerned about crypto, which it wants to do and see as its field. 20 percent performed an action. The organization, which wants to take a regulatory role in more cryptocurrencies, is striving to get a share of the SEC’s pie.
head of regulatory body Ross Benham expressed his satisfaction with the results conveyed by his organization. Sharing his views on the subject Benhamnearly every year 1.5 billion dollars He is proud of his fine. Referring to the CFTC’s annual budget of 240 million, Benham said that these criminal proceedings are a good return on investment.
Benham ‘s remarks made crypto investors who see the CFTC more moderately skeptical. With its greed for enforcement and regulation, the organization may take a tougher stance from the SEC.
Talking about the digital asset industry Benham, said:
This practice report shows that the CFTC continues to aggressively monitor the digital commodity asset markets with all available instruments. I would like to personally thank the hardworking and dedicated leadership team and staff of the Implementation Unit.
