The Commodity Futures Trading Commission has hired former cybercrime prosecutor Ian McGinley as its new enforcement chief
Ex-Manhattan prosecutor’s experience points to commission’s growing focus on digital-asset risks
The CFTC has played a less conspicuous role than the SEC in policing the crypto market but has brought enforcement cases against BitMEX and Coinbase.WASHINGTON—The Commodity Futures Trading Commission hired a former cybercrime prosecutor who oversaw some early federal cases involving cryptocurrencies as its enforcement chief, the latest example of regulators adapting to the risks posed by digital assets and other financial innovations.
In his new post, Ian McGinley oversees a team of 120 civil-enforcement attorneys who investigate fraud and misconduct in futures markets tied to energy and agricultural commodities, as well as the newer world of digital assets that qualify as commodities, CFTC Chairman Rostin Behnam said Monday in an interview.
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