CFTC Chair about Crypto Cases during the Year

Christopher Giancarlo is the chairman of U.S Commodity Futures Trading Commission. He said on the 2nd of October in his speech, that during the last fiscal year, the enforcement actions and fines connected with cryptocurrencies increased significantly during the last financial year.

He stated, that the enforcement during the recent fiscal year was one of the most vigorous for the entire history of the CFTC. They filed 83 enforcement actions, which was 25% more that during the last three years. And the regulator levied more than 900 mln USD in penalties during just this financial year.

Now, the settlement of 90 mln USD will be added which is connected with the interest-rate benchmark manipulation with the major banks, among which are IPMorgan Chase & Co, Bank of America, Deutsche Bank.

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