Trends in CFTC Virtual Currency Enforcement Actions

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As one of the regulators engaged in the cryptocurrency space, the U.S. Commodity Futures Trading Commission (CFTC) has been bringing enforcement actions against virtual currency market participants, including traders, issuers, exchanges, and service providers. This report analyzes CFTC enforcement actions since 2015.

2015–Q2 2020

Trends in CFTC Virtual Currency Enforcement Actions

From January 1, 2015, to June 30, 2020, our report found the the CFTC brought 19 relevant actions. Of the 19 actions between 2015 and Q2 2020, 14 were litigated in U.S. district courts. The other five were resolved within the CFTC as orders and simultaneous settlements. The year 2018 had the highest number of enforcement actions by the newly formed CFTC Division of Enforcement’s Virtual Currency Task Force.

The CFTC’s Approach to Virtual Currencies

In this article, we review the CFTC’s regulatory and enforcement approach in the cryptocurrency space.

Authors

  • Chicago

Abe Chernin

Vice President

  • Washington

Nicole M. Moran

Principal

  • Washington

Simona Mola

Senior Manager