Regulation
Israel-Hamas War Puts Cryptocurrency in CFTC, Treasury Crosshairs
Federal regulators speaking at a SIFMA conference noted crypto’s role in illicit finance, including in the war in Gaza.
The regulators say the violations impeded their ability to conduct investigations.
Regulator says it is the largest fraudulent scheme involving the cryptocurrency in any CFTC case.
The owners of EmpowerCoin, ECoinPlus and Jet-Coin face charges of wire fraud, money laundering and obstruction of justice, among others.
Combating threat will require public and private investments ‘in the trillions of dollars.’