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CFTC Intensifies Crypto Fraud Crackdown: Major Legal Actions and Public Awareness Campaign Launched

Recently, U.S. federal courts have issued orders requiring two individuals to pay a combined total of over $9 million in restitution for fraudulent digital asset schemes. The Commodity Futures Trading Commission (CFTC) also launched a public awareness campaign to warn against relationship investment scams targeting online users. Court Orders in Fraud Cases In separate rulings,…

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cftc

CFTC Restructures Enforcement Task Forces to Combat Fraud, Ends ‘Regulation by Enforcement’

The United States’ Commodity Futures Trading Commission (CFTC) has announced a reorganization of its Division of Enforcement task forces, aiming to enhance fraud prevention while ensuring fairness in regulatory actions.  The restructuring, unveiled by Acting Chairman Caroline D. Pham, consolidates previous task forces into two newly formed units: the Complex Fraud Task Force and the…

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