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‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023

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CFTC unveils FY 2023 enforcement results, with a surge in digital asset cases (50% crypto-related), innovative legal actions, and $4.3 billion in penalties and restitution.

The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto.The Commodity Futures Trading Commission has unveiled its enforcement outcomes for Fiscal Year 2023. It highlights a historic surge in digital asset cases, actions to enforce regulatory obligations for registrants, manipulation and spoofing cases, and groundbreaking court decisions in intricate legal disputes.

Chairman Rostin Behnam emphasized the CFTC’s unwavering commitment to preventing fraud and manipulation in the U.S., highlighting the Division of Enforcement’s remarkable efforts in the digital asset domain, which led to a record number of cases. He also acknowledged the staff’s dedication to ensuring accountability among registrants and market participants within CFTC-regulated markets.

 

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