Founders Personally Liable For Failure To Register Cryptocurrency Trading Platform, Court Says

If a crypto trading platform fails to identify U.S. customers and screen, monitor, and report participants and transactions pursuant to CFTC and FinCEN rules, individuals can be personally liable

Three crypto co-founders held personally liable for failure to register digital asset derivatives platform and failure to comply with necessary requirements

Millions in civil penalties have been assessed to such individuals for violation of the Commodity Exchange Act and operating unregistered futures commissions

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