U.S. Is Strengthening its Regulatory and Enforcement Efforts against Cryptocurrency

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Friday, February 25, 2022

Author:

Bruce Zagaris

Volume:

38

Issue:

3

Abstract:

On February 17, 2022, the U.S. Department of Justice announced its first director of National Cryptocurrency Enforcement. The announcement followed close on a settlement on February 14 between the Securities and Exchange Commission (SEC) and BlockFi for failing to register the offers and sales of its retail crypto lending product. Meanwhile, the SEC and the Commodity Futures Trading Commission (CFTC) are battling to authority to regulate cryptocurrency.