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CFTC Cracks Down on Major DeFi Firms for Unregistered Trading and Identity Violations

  • The CFTC recently filed charges against major DeFi firms Opyn, ZeroEx, and Deridex for failing to register as trading platforms and violating identity verification laws.

  • The CFTC alleges these companies unlawfully offered leveraged trading of digital assets to retail investors in the US.

  • The orders require the DeFi firms to pay fines ranging from $100k to $250k and cease further violations of CFTC regulations.

  • This regulatory crackdown signals that DeFi activities may effectively be banned or face stricter oversight in the US under the CFTC.

  • Other DeFi companies are advised to reevaluate their US operations to avoid facing similar enforcement actions from the CFTC.

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