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Crypto Firms Pay $32 Billion in Settlements as Enforcement Actions Intensify
The battle between US regulators and crypto companies has intensified, with nearly $32 billion collected in settlements since 2019, according to a report by CoinGecko. The most significant regulatory action to date has been against the now-defunct crypto exchange FTX and its trading firm affiliate, Alameda. The Commodity and Futures Trading Commission (CFTC) imposed a combined $12.7 billion in penalties on these companies, a settlement announced in August 2024, nearly two years after FTX’s collapse. Binance, however, stands out as the largest operational company to face such a steep penalty. In November 2023, the ... (full story)
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- Posted: Oct 14, 2024 1:26pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 131
