CFTC follows SEC in abolishing the "no denial" policy, marking a significant shift in cryptocurrency enforcement and settlement rules

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the abolition of the "no denial" policy that had been in place for nearly 30 years. This policy, in effect since 1998, required defendants to commit to not publicly denying the CFTC's allegations when settling.

CFTC Chairman Mike Selig stated that this move aligns with the overall direction of various government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had taken the lead in abolishing a similar policy in May.