- (Reuters) – Fortune reported on Thursday that the U.S. Commodity Futures Trading Commission (CFTC) is looking into Jump Trading’s activities in the cryptocurrency arena, citing an individual with knowledge of the situation.
- Jump started a company to investigate and study blockchain technology in addition to years of experience as a cryptocurrency trader.
- Although investors in cryptocurrency were boosted by the legalization of spot bitcoin exchange-traded funds earlier this year, authorities have continued to take a strong stance against the sector.
- Prominent cryptocurrency businessmen have cautioned that an oppressive approach may force them to relocate their businesses abroad and accused authorities of overreaching.
- A representative for Jump’s cryptocurrency division refused to respond. An inquiry for comment from Reuters was not immediately answered by the CFTC.
Source:
investing
