The U.S. regulator is seeking over $572 million from the operator of BTC scam Control-Finance in restitution and penalty.
Abra has settled with both SEC and CFTC for a total of $300,000, and did so without confirming or denying the alleged charges.
The CFTC and the South Korean gov’t are pursuing Ben Reynolds, the operator behind Control-Finance crypto scam who’s vanished since he defrauded 1,000+ clients.
The regulators joined the initiative in a bid to provide better regulatory clarity and identify the opportunities and challenges facing the market.
Giancarlo wants the Congress to make it easier for the CFTC to participate in blockchain testing programs.