Reported 8 months ago
The U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Trading's role in the cryptocurrency market, as reported by Fortune. While the inquiry is not indicative of any misconduct, it remains unclear if charges are being considered against the trading company. Jump Trading has a history in crypto trading and has ventured into blockchain technology research. Despite recent positive developments like the approval of spot bitcoin exchange-traded funds, regulatory scrutiny in the crypto industry persists, with executives warning of potential offshore relocations due to regulatory overreach. Both Jump's crypto unit and the CFTC declined to provide immediate comments on the matter.
Source: YAHOO