The U.S. Commodity Futures Trading Commission(CFTC) raised over $ 1.3 billion in administrative fines in fiscal 2019. The amount also includes payments from cryptocurrency operators.
According to the CFTC annual report, the regulator received $ 1,321,046,710 - 39% more than last year. This amount includes funds from civil legal penalties, the seizure of proceeds from illegal transactions and compensation for losses.
The CFTC did not indicate in the report the amount of fines received from companies related to digital assets. At the same time, the regulator mentioned some charges against players in the digital currency industry.
The commission recalled the Control-Finance cryptocurrency pyramid of $ 147 million, which affected more than 1,000 investors who lost 22,858 BTC. The CFTC also noted civil cases against John Barry Thompson, accused of fraud with bitcoins for $ 7 million, and Joseph Kim, who illegally misappropriated cryptocurrency. The latter was fined $ 1.1 million.