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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

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    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

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    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

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Don’t Look Now Gary, CFTC Says It’s the ‘Premier Enforcement Agency’ in Crypto

November 7, 2023
in Business
Don’t Look Now Gary, CFTC Says It’s the ‘Premier Enforcement Agency’ in Crypto
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The Commodity Futures Trading Commission (CFTC) is pursuing more crypto crooks than ever before.

In a Tuesday announcement, the regulator said that its enforcement results for the year included a record number of cases in the digital asset space.

For the fiscal year of 2023, the CFTC brought 47 actions involving conduct related to digital asset commodities, the announcement read. This represents more than 49% of all actions and resulted in over $4.3 billion in penalties, restitution and disgorgement, it added.

“In financial year 2023, the CFTC cemented its reputation as a premier enforcement agency in the digital asset space,” the regulator’s statement said.

CFTC Chair Rostin Behnam added that he was “proud” of the body’s work in the crypto space.

Of the biggest actions in the space, the CFTC listed the charges it brought against collapsed digital asset exchange FTX, its ex-boss Sam Bankman-Fried and his failed trading firm Alameda Research; allegations against the world’s biggest crypto exchange Binance and its CEO; and its case against bankrupt crypto lender and its former CEO Alex Mashinsky.

The CFTC also noted that it had filed and settled charges against a number of decentralized finance (DeFi) protocols. DeFi refers to the industry in the crypto space that wants to replace banks and other traditional financial institutions with blockchain-based technology.

The American regulator added that three DeFi projects—Opyn, Inc, ZeroEx, Inc., and Deridex, Inc.—are alleged to have illegally offered leveraged and margined retail commodity transactions in digital asset commodities. Each of the companies has since settled with the CFTC.

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