After the SEC, traces of cryptocurrency hostility are completely erased in another US institution!

The U.S. Commodity Futures Trading Commission (CFTC), with a move that could have significant implications for the cryptocurrency sector, is preparing to announce a major restructuring of its sanction section.

The change aims to end the controversial practice of regulation through sanctions as the institution enhances its ability to combat fraud, manipulation, and other market abuses.

Eleanor Terrett, a cryptocurrency journalist, reported that the CFTC will replace its previous enforcement task forces with two new divisions: the Complex Fraud Task Force and the Individual Fraud and General Enforcement Task Force.

The Complex Fraud Task Force will oversee all pre-investigations, investigations, and cases related to complex fraud and market manipulation across all asset classes. Deputy Director Paul Hayeck has been appointed as the Chief of this task force.

A CFTC press official stated that the restructuring was also designed to prevent the agency from becoming too bloated and to provide greater consistency, fairness, and due process. This move is seen as an effort to increase regulatory clarity and optimize agency resources.