KuCoin Blocked in US, CFTC Cracks Down on Crypto
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal court blocks KuCoin from serving U.S. users, imposes $500,000 penalty on Peken Global. CFTC sues for unlicensed derivatives platform, Peken admits to unlicensed money transmitting, pays $203 million fine. CFTC drops extra payouts, dismisses claims against other entities. CFTC and SEC collaborate on crypto oversight, launch task force on digital assets, AI, and prediction markets. Regulators crack down on shady operations, protecting users.
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