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The CFTC's pursuit of Kucoin as an unregistered digital asset exchange is gaining attention, with a commissioner criticizing the agency's actions against Kucoin, suggesting an overstep and potential infringement on the SEC's authority. The case highlights the broader jurisdictional approach of the CFTC, contrasting recent court decisions affecting the digital asset industry but emphasizing the need for perspective and clarity amidst the legal landscape.
Caroline Pham, Commissioner of the Commodity Futures Trading Commission (CFTC), has publicly criticized her agency’s enforcement action against the cryptocurrency exchange @kucoincom . KuCoin was charged with the unlawful operation of the digital asset derivatives exchange on…
One CFTC Commissioner says the latest complaint against KuCoin is an overstep https://t.co/uh73v6rzgC
Caroline Pham, a CFTC commissioner, has publicly criticized her agency's legal action against the crypto exchange KuCoin https://t.co/N6AywKwd1h