CFTC labels 34 crypto and forex firms as unregistered foreign entities

The U.S. Commodity Futures Trading Commission has added 34 unregistered foreign entities to its Registration Deficient List. At least six firms providing crypto-related services have been added to the list. The CFTC has placed 202 companies on the RED List since 2015. Some of the websites linked to the crypto firms added on Thursday were not live at the time of publication. In June, lawmakers introduced a bill aimed at addressing how the SEC and CFTC could handle different responsibilities in the digital asset space, but many industry experts have voiced concerns about the patchwork nature of regulations needed to operate in the United States for digital asset firms in the U.K. The bill is expected to be passed by Congress in July. It is unclear whether the CFTC will be able to bring enforcement actions in Source