🔍 The US CFTC is launching an investigation into Jump Crypto, a cryptocurrency trading company and Web3 developer. This comes just a day after Jump Crypto donated $10 million to a political committee seeking to attract crypto-friendly lawmakers to Congress.

In the past two years, the CFTC and SEC have filed lawsuits against many cryptocurrency companies, including Binance, Coinbase and Ripple. Jump Crypto also lost nearly $300 million when FTX collapsed last year.

All of these developments highlight the increasing regulatory oversight of the crypto industry.