The United States Commodity Futures Trading Commission (CFTC) is reportedly considering an enforcement action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC staff are allegedly looking into claims that Ehrlich violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing in July 2022. Ehrlich has denied the allegations, claiming that the CFTC is “making new rules and calling foul after the game has ended.”

Voyager was already under scrutiny from the U.S. Federal Trade Commission for its “deceptive and unfair marketing of cryptocurrency to the public.” In May, a bankruptcy court approved Voyager’s plan to repay customers, and the case is still ongoing. The CFTC has several cases pending against crypto firms, but many of the enforcement actions in 2023 have been brought by the Securities and Exchange Commission.

Binance and its CEO Changpeng Zhao have pushed for authorities to dismiss a CFTC lawsuit filed in March, while many executives at Binance.US have left the exchange amid regulatory scrutiny. U.S. enforcement agencies are turning up the heat on crypto-related crime.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	8
People	Stephen Ehrlich, Changpeng Zhao
Companies	Securities and Exchange Commission, U.S. Federal Trade Commission, Binance.US, Voyager Digital, United States Commodity Futures Trading Commission (CFTC)
Currencies	US Dollar, Ethereum, Financie Token, Bitcoin, X Project
Securities	None