Partners David Meister, Daniel Michael and Chad Silverman and counsel Daniel Merzel discuss the CFTC’s first-ever use of its Dodd–Frank “anti-evasion” rule, in an enforcement action against the cryptocurrency exchange Binance. The authors explain that in promulgating the rule, the CFTC offered some guidance on whether it viewed the rule as applying to companies that decide to operate abroad to avoid U.S. regulatory burdens.
Copyright 2023 Bloomberg Industry Group, Inc. (800-372-1033) Reproduced with permission. CFTC's First Use of Dodd–Frank Anti-Evasion Authority.