The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi protocols for failing to register derivative trading offerings.
The regulatory body has acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings.
The CTFC ordered that the companies pay fines of $250,000, $200,000, and $100,000, respectively.
The entities reportedly failed to comply with the customer’s regulations and provisions established in the Bank Secrecy Act. The defi protocols were also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.
CFTC’s recent crypto cases
The Commodity Futures Trading Commission is a US government agency; it was created in 1974. Its primary purpose is to regulate the US derivative markets, including different assets like futures, swaps, and cryptocurrency.
In recent months, the regulator has taken action against different crypto scammers that conducted crypto frauds, such as Michael and Amanda Griffis, who worked a crypto scheme related to their real estate business, Cornelius Johannes Steynberg of Stellenbosch from South Africa who organized a crypto fraud, and also Levine and Reichenthal who engaged into a digital asset fraud, among others.
The main aim of the CTFC is to protect consumers from potential scammers and crypto fraudsters. The regulator has jurisdiction over conducting investigations and filing complaints against potential criminals.
Credit: Source link
Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Render 
Kaspa 
Bonk 
Bittensor 
Ethena USDe 
POL (ex-MATIC) 
WhiteBIT Coin 
Dai 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
MANTRA 
Monero 
Stacks 
OKB 
Filecoin 
