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SEC's Gary Gensler Take Note — CFTC Now Claims To Be The 'Premium Enforcement Agency' In Crypto Sphere

The Commodity Futures Trading Commission (CFTC) has proclaimed itself as the top crypto enforcement agency. This comes after a year marked by a record-breaking number of enforcement actions targeting the cryptocurrency sector.

What Happened: CFTC announced it has become the leading enforcement agency in the cryptocurrency sector, launching a historic number of cases this year. Decrypt reported on Tuesday that the CFTC’s actions signal a significant uptick in regulatory scrutiny over the digital asset industry.

"In financial year 2023, the CFTC cemented its reputation as a premier enforcement agency in the digital asset space," the regulator's statement said.

During the fiscal year 2023, the CFTC initiated 47 enforcement actions related to digital asset commodities. This figure accounts for over 49% of the total enforcement actions undertaken by the regulatory body, culminating in penalties and restitutions exceeding $4.3 billion.

According to the ...

Full story available on Benzinga.com


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