Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market.
The Commodity Futures Trading Commission, or CFTC, is having a banner year in crypto enforcement.
Per the commission's annual review released on Tuesday, fiscal year 2020 featured seven monetary relief actions against firms engaged in illegal activity in crypto, which is a new record.
The review said: "In conjunction with the Division’s Digital Asset Task Force, the Commission brought a record setting seven cases involving digital assets." These included charges against PanForex for offering leveraged trading to US persons without registering in the United States, as well as against Digital Platinum for classic fraud.
The CFTC is the US federal commodities regulator, but it really only involves itself in the spot market in cases of overt manipulation or deception.