The Commodity Futures Buying and selling Fee, or CFTC, is having a banner 12 months in crypto enforcement.

Per the fee’s annual overview released on Tuesday, fiscal 12 months 2020 featured seven financial aid actions towards companies engaged in criminal activity in crypto, which is a brand new file.

The overview stated: “Along with the Division’s Digital Asset Activity Pressure, the Fee introduced a file setting seven circumstances involving digital property.” These included expenses towards PanForex for providing leveraged buying and selling to U.S. individuals with out registering in america, in addition to towards Digital Platinum for traditional fraud.

The CFTC is the U.S. federal commodities regulator, nevertheless it actually solely includes itself within the spot market in circumstances of overt manipulation or deception. As its title suggests, it has a fantastic deal extra energy in futures and derivatives markets for commodities, however the query of which cryptocurrencies fall into this class remains to be unsure. Broadly, the fee has handled Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) as a part of its purview, reasonably than as securities. 

Curiously, fiscal 12 months 2020 ended on Sept. 30. Seemingly, the CFTC’s most bombastic motion in current reminiscence, so far as the crypto neighborhood is worried, was towards BitMEX — which solely occurred on Oct. 1 and, so, didn’t issue into the report’s figures.

Cointelegraph has beforehand famous that quite a few actions across the finish of fiscal 12 months 2020 might herald a brand new crackdown. Then once more, authorities businesses peg their budgets and expenditures to the fiscal 12 months, so Sept. 30 does find yourself being the epicenter of a substantial amount of motion.

The CFTC’s report additionally applauded its $920 million fine towards JPMorgan Chase for market manipulation and spoofing, the biggest aid motion within the fee’s historical past. 

Gary Gensler, previously chair of the CFTC, appears set to take a high-level place inside the monetary crew of President-elect Joe Biden’s administration. Gensler was often known as being particularly hawkish in relation to Wall Road, however after leaving the CFTC he discovered himself educating programs on blockchain at MIT.