The CFTC sanctioned a digital asset commodity trading platform for failing to register with the CFTC as either a DCM or an FCM and offering trading in CFTC-regulated products to retail investors.
The CFTC Division of Clearing and Risk granted Taiwan Futures Exchange's request for no-action relief from the requirement to register as a derivatives clearing organization.
CFTC Commissioner Christy Goldsmith Romero called for regulators to stop routinely accepting "neither-admit-nor-deny" settlements and proposed a Heightened Enforcement Accountability and Transparency test that would require firms to admit wrongdoing as a condition of settlements.
The U.S. Senate Committee on Agriculture, Nutrition, & Forestry considered testimony from key regulators and market participants on the bipartisan Digital Commodities Consumer Protection Act of 2022.
In a speech before the American University "Web3 Summit," CFTC Commissioner Summer K. Mersinger asserted that the CFTC "is more than up to the task of effectively regulating and policing spot cryptocurrency markets."