The US CFTC, following the SEC's lead, has abolished the "no denial" policy in the settlement agreement.
CoinFeed reported on June 4th, citing Cointelegraph, that the U.S. Commodity Futures Trading Commission (CFTC) has repealed its "no denial" policy, which had been in place since 1998. This policy previously prohibited the CFTC from accepting settlements when defendants denied allegations. CFTC Chairman Mike Selig stated that the policy was repealed because it could create the false impression that the commission was trying to block criticism. Selig pointed out that the CFTC had refused settlements for nearly three decades unless the defendant promised not to publicly deny the allegations. This adjustment aligns the CFTC with government regulators such as the SEC, which repealed a similar policy in May. Crypto companies that have faced regulatory enforcement have criticized the rule for restricting free speech.