The SEC is seeking to appeal the Ripple ruling, while applications for a Bitcoin ETF are piling up. It seems the CFTC is doing the actual securities enforcement.
The U.S. Securities and Exchange Commission is leaving securities enforcement up to the CFTC when it comes to cryptocurrency. While the commission rushes ahead of Congress to write the entire federal crypto policy by lawsuit, the CFTC is going for more clear-cut violations.
“The complaint charges them with fraudulent solicitation from clients to purportedly trade in cryptocurrencies and precious metals.”“The CFTC continues to root out individuals who defraud customers in the cryptocurrency and precious metals markets.”to the Howey test in the recent Ripple court case.FTX founder Sam Bankman-Fried
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