An updated look at crypto regulation efforts from the SEC and CFTC

In addition to adding crypto-related tax amendments to its trillion-dollar infrastructure bill, U.S. regulators have been ramping up their enforcement efforts against crypto companies.

One of the biggest crypto-related actions this year was BitMEX’s $100 million settlement with the CFTC and FinCEN for failing to “implement a customer identification program (“CIP”), including know-your-customer (“KYC”) procedures.”