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U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said the regulator will continue to pursue cryptocurrency exchanges that break the law.
In a statement quoted by <a href="https://www.businessinsider.com/cftc-aggressive-binance-case-is-a-warning-to-all-violators-2023-11?r=US&amp;IR=T" target="_blank" rel="noopener noreferrer nofollow">Business Insider</a>, the commissioner emphasized that “there are no pirate ships in US markets” and that “access to American customers is a privilege, not a right.”
Romero added that the CFTC will not tolerate the use of virtual private networks (VPNs) and other services that help users circumvent know your customer (KYC) rules, including pop-up questions that simply ask users to confirm that they are not located in the United States.
<blockquote class="wp-block-quote">
 “It should be crystal clear that the CFTC will not stop in its pursuit of non-U.S. entities.” <cite>Caroline D. Pham, CFTC Commissioner</cite>
</blockquote>
Statements by representatives of the regulator came against the backdrop of several high-profile proceedings against the largest cryptocurrency exchanges.
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U.S. CFTC to aggressively pursue crypto exchanges that violate trading laws

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