Official Institution in the USA Investigated the Cryptocurrency Company

The U.S. Commodity Futures Trading Commission (CFTC) has launched an investigation into trading firm Jump Trading.

According to Fortune, the derivatives regulator specifically scrutinized the firm's activities related to crypto trading and investments. Jump Trading declined to comment.

Regulatory pressure is increasing

Both the CFTC and its sister agency, the U.S. Securities and Exchange Commission (SEC), have focused on bringing charges against crypto-related entities in recent years. Over the past year, the CFTC and SEC have taken several enforcement actions against major crypto organizations such as Binance and FTX.

An SEC lawsuit against Terraform Labs named an unidentified “US trading firm” that allegedly provided support when the TerraUSD stablecoin lost its peg to the dollar in 2021. It was later revealed that this company was Jump Trading. However, the SEC did not bring any charges against Jump Trading.

This investigation is seen as part of increasing regulatory pressure on cryptocurrency markets. Controls on cryptocurrencies and derivative products are tightening to ensure the security and transparency of the market. Such investigations in the crypto space once again highlight the importance of legal compliance and ethical trading practices in the industry.

What will happen as a result of this CFTC investigation into Jump Trading is eagerly awaited. This investigation, which may set an important precedent for other companies operating in the crypto markets, is considered as part of the efforts of regulatory authorities to increase their effectiveness in the crypto field.