Introduction

The US Commodity Futures Trading Commission (CFTC) issued its orders against Three Divi protocols for Failure to register derivatives trading offerings.

The regulatory body acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The organizer claims that they failed to record derivatives trading offerings.

The CTFC ordered the companies to pay fines of $250,000, $200,000, and $100,000, respectively.

CTFC’s Actions

The authorities reported that the protocols failed to comply with the regulations and provisions of the client established in Bank secrecy law. The protocols were also accused of illegally offering leveraged and margin retail commodity transactions in digital assets.

Recent CFTC Crypto States

The Commodity Futures Trading Commission is a United States government agency created in 1974. Its primary purpose is to regulate the US derivatives markets, including various assets like futures, swaps, and cryptocurrencies.

In recent months, the regulator has taken action against different cryptocurrency scammers who have run cryptocurrency scams, such as Michael and Amanda Griffis, who worked on their encryption scheme real Business property Cornelius Johannes Steinberg of Stellenbosch from South Africa who staged a crypto scam, and also Levin and Richenthal who engaged in a digital asset fraud, among others.

The main goal of the CTFC is to protect consumers from potential scammers and cryptocurrency scammers. The regulator has jurisdiction over conducting investigations and filing complaints against potential criminals.