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The Commodity Futures Trading Commission today continued its enforcement focus in the digital asset decentralized finance (DeFi) space, by issuing orders simultaneously filing and settling charges against Opyn, Inc., a Delaware-registered company based in California; ZeroEx, Inc., a Delaware company based in California; and Deridex, Inc., a Delaware company based in North Carolina.
<p><span>Introduction</span></p> <p><span>Good morning. It’s a pleasure to be here for the first Global Markets Advisory Committee (“GMAC”) under Commissioner Pham’s sponsorship. The work of the Commodity Futures Trading Commission’s Advisory Committees is critical to the development of the CFTC’s regulations and policies, as well as industry best practices. I’m sincerely looking forward to GMAC’s work and the regulation-focused dialogue tha...
<p><span>The Commodity Futures Trading Commission today issued orders simultaneously filing and settling charges against swap dealer and futures commission merchant (FCM) affiliates of 11 financial institutions for failing to maintain, preserve, or produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to their businesses as CFTC registrants.</span></p>