CFTC thinks crypto fraud is basically unstoppable – Cryptopolitan
crypto Iniisip ng CFTC na ang pandaraya sa crypto ay karaniwang hindi mapigilan - Cryptopolitan 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Cryptocurrency fraud, an emergent and daunting concern, appears to be a battle of epic proportions for regulatory agencies. The US Commodity Futures Trading Commission (CFTC), a key overseer of this increasingly complex space, is finding the scale of this malfeasance overwhelming, yet remains undeterred. Christy Goldsmith Romero, a distinguished commissioner of the CFTC, asserted at a recent white-collar crime conference at the New York City Bar Association that while the prevalence of crypto-related fraud is daunting, the agency remains resolute in its efforts. An alarming 20% of the CFTCs current caseload pertains to cryptocurrency, signifying a new frontier in its supervisory responsibilities. Highlighting the depth of this predicament are recent civil cases that the CFTC has brought against crypto exchanges like Binance and FTX. These cases illustrate the intricacies of the regulatory landscape. Binance, one of the largest global crypto exchanges, and its founder, Changpeng Zhao, have been sued by the CFTC for allegedly maintaining a veneer of compliance. While Zhao dismisses the allegations as an “incomplete recitation of facts”, the case highlights the challenges the agency faces in grappling with the fast-evolving digital asset