🥁 CFTC's crypto crackdown: Rostin Behnam, chair of the US Commodity Futures Trading Commission (CFTC), revealed at the FIA Expo 2023 that 45 enforcement actions this fiscal year involved digital asset misconduct, making up 34% of the 131 actions since 2015. Behnam called for updated legislation, stating that the current Commodity Exchange Act (CEA) limits create barriers to necessary rulemakings and policy. He also highlighted the "precedent-setting litigation" against Ooki DAO, which resulted in a $643,542 penalty and the closure of the decentralized autonomous organization.