New York Judge Hits Pause on CFTC–KuCoin Deal

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"More broadly, the stay is consistent with the [Commodity Futures Trading Commission’s] current policy of not pursuing purely regulatory violations under the Commodity Exchange Act without evidence of willful disregard," said Lene Powell, a senior legal analyst at Wolters Kluwer Legal & Regulatory U.S.
April 22, 2025 at 04:45 PM
4 minute read
The U.S. Commodity Futures Trading Commission’s prospective settlement with cryptocurrency exchange KuCoin has been put on pause for approximately six months, following a New York federal district court judge’s order on Tuesday that stayed the litigation.
Lene Powell, a senior legal analyst at Wolters Kluwer Legal & Regulatory U.S, who is not involved in the matter, observed that the order preserves the status quo while the CFTC awaits President Donald Trump’s appointment of a fifth commissioner to the agency, as it currently has two Republican and two Democratic commissioners.
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