A settlement between the US Commodity Futures Trading Commission (CFTC) and KuCoin is likely to be postponed following a change in policy to deprioritize cases against crypto companies during the Trump administration. CFTC attorney John Murphy requested more time to secure approval for a deal negotiated under the Biden administration, citing a shift in priorities by acting CFTC Chair Caroline Pham. KuCoin faced charges for violating the Commodity Exchange Act and Anti-Money Laundering laws, resulting in a $297 million settlement with the Department of Justice. Negotiations for a settlement with the CFTC have been ongoing, with challenges arising due to conflicting policies and lack of majority support within the Commission. The delay in finalizing the settlement highlights the complexities of regulatory enforcement in the crypto industry amidst changing administrations and priorities. Read more AI-generated news on: https://app.chaingpt.org/news