The U.S. Commodity Futures Trading Commission (CFTC) has repealed its "neither admit nor deny" policy, a rule in place since 1998 that required defendants to refrain from publicly denying the agency's allegations as part of settlement agreements. CFTC Chairman Rostin Behnam announced the change on June 4, highlighting that it aligns with recent shifts in federal regulatory practices and enhances the Commission's flexibility in enforcement settlements.
This policy change follows the Securities and Exchange Commission's (SEC) similar repeal in May, marking a significant shift in how regulatory bodies handle enforcement settlements. The policy had faced criticism from several cryptocurrency firms for limiting their freedom of speech.
CFTC Repeals Longstanding 'No-Action' Policy in Crypto Enforcement
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