Altcoins News

Story: CFTC Drops No-Deny Rule, Mirroring SEC’s Settlement Overhaul

By James Thorp

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What the Policy Change Actually Means. The practical effect is flexibility. Before, every settlement carried the same basic architecture…

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Crypto and Complex Markets Feel It First. Selig's announcement didn't come with a detailed breakdown of which pending cases might be affected.

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Industry Watches for First Test Cases. What's still murky is how the CFTC will actually apply this in practice.

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The CFTC just killed its "no-deny" policy. Chairman Mike Selig made the call, and the move puts the commission squarely in line with what the SEC already did — a rare moment of…

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The old rule was pretty straightforward, and pretty limiting. Any party settling an enforcement action with the CFTC couldn't publicly deny wrongdoing. Full stop.

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And the timing matters. The SEC moved first on this, scrapping its own version of the no-deny rule.

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For crypto specifically, that's worth watching. The CFTC has jurisdiction over commodity derivatives and has been increasingly active in digital asset enforcement.

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See also: Bank of America Taps 20-Year Veteran Adam Dixon to Lead Global Digital Assets Push

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The broader financial industry has watched the no-deny debate for years. Critics of the old policy argued it was a blunt instrument — it didn't distinguish between a company that…

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There's also a transparency angle here that's worth mentioning. When parties can negotiate the denial question as part of the overall settlement terms, the public record of what…

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But the commission seems to think the upside — faster resolutions, more tailored outcomes, less friction in negotiations — outweighs the downside.

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What's still murky is how the CFTC will actually apply this in practice. The policy change gives the commission options — it doesn't mandate any particular approach.

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See also: George Santos Bet Against Himself on Kalshi — Now DOJ and CFTC Want Answers

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Other regulators are probably watching. If the CFTC and SEC both see better outcomes under the more flexible model, it's not hard to imagine other agencies revisiting their own…

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For now, the no-deny rule is gone. The CFTC's enforcement docket goes on, and the first major settlement negotiated under the new guidelines will tell everyone a lot more than…

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