CFTC v. Opyn

The CFTC files order accusing Opyn of offering swaps without registering as swap execution facilities or designated contract markets, as well as failing to identify customers as part of Bank Secrecy Act compliance. Opyn is also accused of illegally offering leveraged and margined retail commodity transactions in digital assets.

This case demonstrates the CFTC’s enforcement action against DeFi platforms.

CFTC Docket No. 23-40