The US CFTC follows the SEC's example, abolishing the "no denial" policy in settlement agreements

Gold Financial reports that on June 4th, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) abolished the "no denial" policy implemented since 1998.
This policy previously prohibited the CFTC from accepting settlement agreements in cases where the defendant denied the allegations.
CFTC Chairman Mike Selig stated that the abolition of this policy was due to concerns that it might create a false impression that the commission was trying to suppress criticism.
Selig pointed out that for nearly thirty years, the CFTC has refused settlement unless the defendant agreed not to publicly deny the allegations.
This adjustment aligns the CFTC with other government regulatory agencies such as the SEC.
The SEC had already abolished a similar policy in May.
Cryptocurrency companies facing regulatory enforcement criticized the rule for restricting free speech.
The CFTC stated that after the policy change, settlements would be more flexible, but some defendants might still be required to admit certain facts or responsibilities.
On the same day, the CFTC previously sought to revoke a $5 million settlement with crypto exchange Gemini, with Selig claiming that the case was politically motivated.
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