The US Commodity Futures Trading Commission brought enforcement actions against three decentralized finance firms and signaled that more may be coming.
The CFTC alleged on Thursday that the companies Opyn Inc., ZeroEx Inc. and Deridex Inc. broke the agency’s rules by illegally allowing US customers to trade digital-asset derivatives without registering. The regulator ordered the firms to cease and desist from violating CFTC rules and required them to pay civil penalties of $250,000, $200,000, and $100,000, respectively.
The US government has increasingly set its sights on decentralized finance, or DeFi as its known by the industry. The platforms allow users to trade, borrow and lend digital assets without having to go through an intermediary. Over the last several months, agencies have put out rules, levied sanctions, and brought enforcement actions to put DeFi actors on notice.
The CFTC recently notched a win against a decentralized autonomous organization called Ooki DAO that it claimed operated an illegal trading platform and violated other agency rules. A federal judge in June ordered the firm to shut down and pay a penalty of more than $600,000.
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