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CFTC resolves FTX cases against Ellison and Wang
A U.S. federal court has resolved the CFTC’s cases against Caroline Ellison and Gary Wang by imposing five-year trading bans and registration bans of up to 10 years. received a five-year trading ban and a 10-year CFTC registration ban.
Wang received a five-year trading ban and an eight-year registration ban.
Both sanctions date back to the initial consent orders entered on Dec. 23, 2022.
The CFTC is not seeking additional financial penalties, citing their cooperation and an $11.02 billion forfeiture order.#BTCSurgesPast70000Up8.3% #ETHSurges20%BreaksThrough2300 #BTCETHReboundTradeIdeas #USTreasuryBuybacksAndRegulatorySignalsDriveCryptoSurge #StrategySurgesNearly12%