CFTC Investigates Jump Trading Over Crypto Activities

The U.S. Commodity Futures Trading Commission (CFTC) is currently investigating Jump, a prominent trading firm, as reported by Fortune. The focus of the investigation is on Jump's activities in the cryptocurrency market, including trading and investing, according to Thursday's report.

Both the CFTC and its counterpart, the U.S. Securities and Exchange Commission (SEC), have intensified their scrutiny of crypto-related businesses in recent years. This heightened oversight has resulted in several enforcement actions against major crypto entities like Binance and FTX over the past year.

In a notable case involving the SEC and Terraform Labs, an unnamed "U.S. trading firm" was accused of assisting the TerraUSD stablecoin during its de-pegging from the dollar in 2021. This firm was later revealed to be Jump Trading. However, the SEC did not bring charges against Jump in that case.