The fate of two cotton brokers highlights how the Commodity Futures Trading Commission has scaled back its regulatory actions not just for crypto cases but also for the kinds of cases it has long policed.
The Commodity Futures Trading Commission, led by Michael S. Selig, has slowed enforcement. It has filed an average of one new complaint a month, one-fifth as many as during the Biden administration.
A Moscow firm uses shell companies and cryptocurrency to launder money, and a custom app to forge trade records, to help Russia bypass sweeping financial restrictions.
A currency exchange board in Bishkek, Kyrgyzstan. Shell companies created by a Moscow firm, A7, used transactions in Kyrgyzstan to help Russian businesses evade sanctions.
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