The United States Commodity Futures Trading Commission (CFTC) has reported that the majority of whistleblower tips it received this year were related to the cryptocurrency industry. CFTC Commissioner Christy Goldsmith Romero described the crypto industry as being plagued by “pervasive fraud and other illegality.” The agency received a total of 1,530 tips and paid out $16 million to whistleblowers this year. Out of this amount, over $15 million was granted to two individuals in September who provided crucial information leading to successful enforcement actions against undisclosed entities. It is unclear if these whistleblowers provided information specifically about crypto firms. The CFTC has taken enforcement actions against various crypto-related firms, including Binance and decentralized exchange platforms. Commissioner Romero highlighted the importance of the CFTC’s Whistleblower Program and Office of Customer Education and Outreach in increasing financial literacy, particularly related to crypto scams. The rise of crypto has brought more retail customers under the CFTC’s jurisdiction, making these efforts even more critical.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	1
People	Christy Goldsmith Romero
Companies	None, Binance, CFTC, CryptoSlate
Currencies	None
Securities	None