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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…
JUST IN: @CFTC COMMISSIONER SAYS THEY MAY BE INFRINGING ON SEC'S AUTHORITY IN KUCOIN CHARGES
Statement of @CFTCpham Regarding KuCoin Complaint: https://t.co/rQjB0Xjxe0
KuCoin, a cryptocurrency exchange, faced over $1.1 billion outflows in 24 hours following US Department of Justice charges, leading to users withdrawing assets to avoid risks. The exchange retained around $4.02 billion in assets. The Commodity Futures Trading Commission (CFTC) Commissioner criticized the agency's enforcement action against KuCoin for alleged violations.
