The U.S. Commodity Futures Trading Commission has rescinded its long-running “no-deny” policy for enforcement settlements.
Summary
- CFTC ended its 1998 no-deny policy, giving defendants more room to dispute enforcement allegations publicly.
- The move follows the SEC’s May reversal and extends a wider reset in crypto enforcement.
- Gemini’s $5 million case adds fresh context as the CFTC reviews older crypto actions now.
The rule, adopted in 1998, blocked the agency from accepting settlement offers when a defendant continued to deny allegations in a complaint or administrative order.
