This year accounted for one-third of all CFTC crypto enforcement actions. President Behnam
In an address delivered at the Financial Industry Association Expo, CFTC Chairman Rostin Behnam shed light on the agency’s active role in the world of Crypto currencies and emphasized the pressing need for modernizing legislation. Speaking at the 2023 event held in Chicago, Chairman Behnam provided insights into the tireless efforts of the CFTC En force ment Division, describing it as a relentless force in the field. During his keynote presentation to industry professionals, Behnam highlighted the staggering $6 billion collected by the agency in penalties for the fiscal year 2023. He went on to reveal a noteworthy statistic: “This fiscal year, 45 of our enforcement actions were related to digital assets, constituting more than 34% of the 131 such actions initiated by the commission since 2015.” Of particular significance was Behnam’s mention of a groundbreaking legal victory against Ooki DAO, a decentralized autonomous organization. This victory resulted ...