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International Business Times

Business

Marvie Basilan

CFTC Chair Expects New Crypto Enforcement Actions In As Early As 6 Months

CFTC Crypto Rostin Behnam KuCoin Jack Dorsey SEC

Signage is seen outside of CFTC in Washington, D.C. (Credit: Reuters)

KEY POINTS

Behnam said some of the new crypto-related enforcement actions may come between six and 24 months from now
He reiterated that regulations were necessary to stop the "fraud and manipulation" in the crypto industry
The CFTC has brought over a hundred enforcement actions against crypto firms, the latest being KuCoin

The chair of the U.S. Commodity Futures Trading Commission (CFTC) has just dropped a bomb on the cryptocurrency market, saying there will be new enforcement actions on the industry within the next two years.

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