On October 24th, the US Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger commented on the recent surge in Bitcoin prices, stating that investing in cryptocurrency is no longer a "fad". Mersinger noted that certain Bitcoin-related ETFs have been trading for some time and that institutions are interested in investing in cryptocurrency. He said, "I think people are interested in these products and the market is ready for the listing of these products (spot Bitcoin ETFs)."

The former CEO of lending platform Voyager, Steve Ehrlich, has been hit with lawsuits from both the Federal Trade Commission (FTC) and the United States Commodity Futures Trading Commission (CFTC) over allegations of fraudulent activities and insincerity about government customer protection.

The United States Commodity Futures Trading Commission (CFTC) has accused Voyager Digital of misleading practices and "bare-bones due diligence" that led to the loss of billions of dollars of customer funds. CFTC Commissioner Kristin Johnson criticized Voyager for ignoring warning signs and failing to protect customers, stating that "the company became no better than a house of cards."

According to an official announcement, the US Federal Trade Commission (FTC) has announced that it has reached a settlement with bankrupt cryptocurrency lending company Voyager Digital, permanently banning it from handling consumer assets. The FTC stated that Voyager and its former CEO Stephen Ehrlich misled consumers, resulting in consumers losing over $1 billion in cryptocurrency after the company collapsed.

The U.S. Commodity Futures Trading Commission announced that it has filed a lawsuit against Tennessee resident Stephen Ehrlich, the former CEO of now-bankrupt entity Voyager Digital, in the U.S. Southern District Court of New York. The complaint alleges that Ehrlich engaged in fraud and registration failures in the operation of the Voyager digital asset platform and Voyager's unregistered commodity pool. Ehrlich and Voyager falsely touted the Voyager platform as a "safe haven" to earn high returns and induce customers to buy and store digital asset commodities. In its ongoing litigation against Ehrlich, the CFTC seeks restitution, disgorgement of ill-gotten gains, civil monetary penalties, permanent trading and registration bans, as well as permanent injunctions against further violations of the Commodity Exchange Act (CEA) and CFTC regulations.

Fox Business reporter Eleanor Terrett wrote on X platform that the US Commodity Futures Trading Commission (CFTC) voted to sue Voyager co-founder Stephen Ehrlich, accusing him of violating derivative regulatory rules and misleading customers about the security of their assets.

On September 9th, according to information displayed on the official website of decentralized options platform Opyn, Opyn has restricted the use of US users. September 8th, the US CFTC announced recent law enforcement actions in the DeFi field, accusing Opyn, Inc., ZeroEx, Inc., and Deridex, Inc. of violating the Commodity Exchange Act (CEA) and CFTC regulations, including failure to register as a swap execution facility (SEF) or designated contract market (DCM), failure to register as a futures commission merchant (FCM), and failure to adopt a customer identification program, among others.

September 9th, According to the official website of decentralized options platform Opyn, Opyn has restricted the use of users in the United States. BlockBeats previously reported that on September 8th, the US CFTC announced recent law enforcement actions in the DeFi field, and charged Opyn, Inc., ZeroEx, Inc., and Deridex, Inc. with violating the Commodity Exchange Act (CEA) and CFTC regulations, including failure to register as a swap execution facility (SEF) or designated contract market (DCM), failure to register as a futures commission merchant (FCM), and failure to adopt a customer identification program, etc.

The SEC and Binance have opposed a petition by third-party entity Eeon to intervene in the lawsuit on behalf of customers. Binance gave three reasons for dismissing the petition, including Eeon's failure to meet requirements for intervention under the law. The SEC argued that Eeon is a serial pro se litigant whose causes have failed to gain traction in federal courts, and requested the court to deny the petition. Meanwhile, Binance has filed a motion to dismiss the US CFTC lawsuit claiming that it lacks jurisdiction on the global crypto exchange and the right to sue its CEO CZ.

According to Bloomberg: Lawyers for Binance and CZ filed a motion to dismiss with a Chicago court on Thursday, stating, “In this case, the CFTC seeks to regulate foreign individuals and companies that reside and operate outside the United States. This went beyond the limits of its statutory authority and trampled on deep-seated principles of comity with foreign sovereign states.” The U.S. Commodity Futures Trading Commission (CFTC) sued the company and CZ in March, accusing them of knowingly taking steps to circumvent U.S. laws, including knowingly allowing Americans to use the platform to buy and sell cryptocurrency derivatives, even though Binance never registered.