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    Home - Legal - New York Judge Hits Pause on CFTC–KuCoin Deal
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    New York Judge Hits Pause on CFTC–KuCoin Deal

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    New York Judge Hits Pause on CFTC–KuCoin Deal
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    The U.S. Commodity Futures Trading Commission’s prospective settlement with cryptocurrency exchange KuCoin has been put on pause for approximately six months, following a New York federal district court judge’s order on Tuesday that stayed the litigation.

    Lene Powell, a senior legal analyst at Wolters Kluwer Legal & Regulatory U.S, who is not involved in the matter, observed that the order preserves the status quo while the CFTC awaits President Donald Trump’s appointment of a fifth commissioner to the agency, as it currently has two Republican and two Democratic commissioners.



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