The US CFTC announced the abolition of the settlement "no-admit" policy implemented since 1998. The policy previously required defendants to not publicly deny regulatory allegations after reaching a settlement with the CFTC. CFTC Chairman Mike Selig stated that abolishing the policy will give the agency greater flexibility in enforcement settlements. This adjustment aligns with the SEC's similar policy removal in May of this year. The CFTC said that it will no longer enforce the existing "no-admit" clauses in future cases, but defendants may still be required to admit specific facts or responsibilities in some settlement cases. (Cointelegraph)

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GateUser-99725296
· 4h ago
Flexible enforcement is a good thing, but don't turn it into a new tool for regulatory arbitrage.
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NoMoreRugs
· 5h ago
Is this policy shift favorable for projects currently involved in litigation?
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VolatilityInATeacup
· 6h ago
If the defendant denies the charges, will the credibility of the settlement be affected?
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Orange-FlavoredBlock
· 8h ago
The CFTC has finally caught up with the SEC; is this considered regulatory convergence?
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GateUser-52241ed6
· 8h ago
Can it be denied that after the abolition of the terms, the settlement costs will decrease?
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InstantNoodle-LevelResearcher
· 8h ago
The old rules from 1998 are being scrapped—so the crypto industry will have to start recalculating everything again.
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HypeVaccinated
· 8h ago
From now on, can we be stubborn during reconciliation? What about the public's right to know?
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MintCondition
· 8h ago
Selig's move this time, there's flexibility now, but is the deterrent still there?
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WickHunter
· 8h ago
The SEC did something in May, and the CFTC is only now following up—impressive efficiency.
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