The Commodity Futures Trading Commission (CFTC) and KuCoin have hinted at fruitful negotiations that may put an end to a lawsuit brought by the regulator earlier in 2024.
In a letter addressed to Judge Valerie E. Caproni of the New York Southern District Court, the parties stated that they have made substantial progress towards negotiating a potential resolution of this matter.
The parties, however, require additional time to conclude their negotiations, particularly in light of a parallel filed criminal action The parties jointly requested an extension of all deadlines and appearances by 60 days.
In March 2024, the CFTC filed a civil enforcement action in the U.S….
Read More
