Caroline Pham, acting chair of the CFTC, declared the end of regulation by enforcement. The agency will form two dedicated task forces targeting complex and retail fraud, which seeks to alleviate compliance pressures for legitimate crypto firms.
The CFTC’s Division of Enforcement will emphasize justice for victims of fraud. Recent high-profile enforcement actions have highlighted significant figures in the crypto sector, shaping the agency’s new approach under Pham’s leadership.