Numerous cryptocurrency operators are being sued by the CFTC for defrauding customers, and breaking commodity trading rules. Many regulators all across the globe are cracking down on this asset class. Due to the lack of formal regulation, it’s becoming a point of contention among traders and regulators. Unfortunately, agencies like the CFTC are now cracking down, amid heightened global fears over the risk that bitcoin and cryptocurrencies pose to the global financial system.
The CFTC is currently looking closely at the cryptocurrency market in order to find operators who are engaging in illegal, or otherwise questionable tactics. Some operators are being sued. For example, the CFTC recently sued Dillon Michael Dean of Colorado, for operating a ponzi scheme which solicited bitcoin and promised them their cash would be pooled and invested.
Numerous enforcement actions are being filed by the CFTC for the first time since the launch of bitcoin futures in December. The CFTC is a powerful force in the USA when it comes to trading commodities. If you are falsely accused of acting illegally, we encourage you to contact the Spodek Law Group. Our team of attorneys have immense experience dealing with the CFTC, and understands the intricacies of an unregulated commodity like Bitcoin. We can help address the violations alleged against you, and prevent the case from escalating.
Todd is a miracle worker who will work tirelessly for you and your family. He is one of the few attorneys i've met - who I earnestly trust to protect me, and who I am happy to refer to our friends and fellow family members. The Spodek Law Group is someone you want on your side, because they will treat you just like family. Todd and his team are available 24/7, and they always answered our calls. Even when we were being irrational, and crazy - they were calm and super helpful. Just call Todd. He gives you a free consultation and is very understanding.- Donna & Robert
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