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.