According to BlockBeats, Kanav Kariya, the president of Jump Crypto, has stepped down from his position after six years of service at Jump Trading. This news comes just two days after it was reported that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto.

Jump has always been recognized as one of the leading participants in the high-frequency trading sector. In September 2021, the company announced the establishment of its cryptocurrency division, Jump Crypto. However, it remains unclear whether the CFTC is considering levying any charges against the company.

The investigation by the CFTC and the subsequent departure of Kariya from Jump Crypto are significant developments in the cryptocurrency trading industry. However, the specifics of the investigation and any potential charges against Jump Crypto are yet to be disclosed. The impact of these developments on the company's operations and its future direction is also yet to be seen.