United

<div class="cryptonews">
 <p class="is-style-lead">U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said the regulator will continue to <a rel="noopener noreferrer nofollow" title="pursue" href="https://thebittimes.com/tag/pursue.html">pursue</a> cryptocurrency <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>s that break the law.</p>
 <p>In a statement quoted by Business Insider, the commissioner emphasized that “there are no pirate ships in US markets” and that “access to American customers is a privilege, not a right.”</p>
 <p>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.</p>
 <blockquote class="wp-block-quote">
  <p>“It should be crystal clear that the CFTC will not stop in its pursuit of non-U.S. entities.”</p> <cite>Caroline D. Pham, CFTC Commissioner</cite>
 </blockquote>
 <p>Statements by representatives of the regulator came against the backdrop of several high-profile proceedings against the largest cryptocurrency <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a>s.</p>
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 <p>This week, Binance CEO Changpeng Zhao joined former industry rival Sam Bankman-Fried in making headlines admitting to charges against him and his cryptocurrency <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> that included violating US anti-money laundering laws.</p>
 <p>Bankman-Fried has pleaded not guilty to seven felonies, including conspiracy to commit money laundering. He now remains in the New York Metropolitan Detention Center awaiting sentencing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/u-s-cftc-to-aggressively-pursue-crypto-exchanges-that-violate-trading-laws-tbt71452.html">https://thebittimes.com/u-s-cftc-to-aggressively-pursue-crypto-exchanges-that-violate-trading-laws-tbt71452.html</a></p>

U.S. CFTC to aggressively pursue crypto exchanges that violate trading laws

TheBitTimes

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