US CFTC investigating trading firm Jump's crypto activity: Fortune

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The Block2024/06/20 17:40

By:The Block

Quick Take The derivatives regulator is specifically looking into the firm’s crypto involvement, such as trading and investing, Fortune reported on Thursday. The CFTC and SEC have honed in on bringing charges against crypto-related entities over the past few years.

The U.S. Commodity Futures Trading Commission is investigating trading firm Jump, according to reporting from Fortune .

The derivatives regulator is specifically looking into the firm's crypto involvement, such as trading and investing, Fortune reported on Thursday.

The CFTC did not immediately respond to a request for comment from The Block. Jump declined to comment when contacted by The Block.

Both the CFTC and its sister agency, the U.S. Securities and Exchange Commission, have honed in on bringing charges against crypto-related entities over the past few years. Over the past year or so, the CFTC and SEC have brought several enforcement actions against crypto entities, including Binance and FTX.

In a case involving the SEC and Terraform Labs, the agency named an unidentified "U.S. trading firm," accused of helping support the TerraUSD stablecoin as it de-pegged from the dollar in 2021, which later was found out to be Jump Trading. The SEC did not bring charges against Jump.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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