A senior U.S. regulator has said that enforcement action against crypto firms may have peaked after last month’s $4.3 billion settlement with Binance. The settlement was for breaking U.S. anti-money laundering and sanctions laws. The regulator said that such cases provide companies with a “template” for how they should be governed.

Kristin Johnson, a Commissioner at the Commodity Futures Trading Commission (CFTC), said in a speech on Tuesday that the Binance settlement could be a turning point for crypto enforcement in the U.S. She said that the settlement will send a “strong message” to other crypto firms that they need to comply with U.S. law.

Johnson also said that the CFTC is committed to working with other regulators to develop a comprehensive regulatory framework for crypto. She said that the agency is working with the Securities and Exchange Commission (SEC) on a number of issues, including the potential approval of a Bitcoin spot exchange-traded fund (ETF).

The CFTC’s comments come as the U.S. government is taking a more active role in regulating the crypto industry. The SEC has been scrutinizing crypto firms for years, and it has recently launched an investigation into Binance. The Biden administration has also been working on a number of executive orders that would regulate the crypto industry.

The crypto industry is still in its early stages of development, and there is still a lot of uncertainty about how it will be regulated. However, the CFTC’s comments suggest that the U.S. government is taking a more proactive approach to regulating the industry. This could have a significant impact on the future of crypto in the U.S.

Here are some of the key takeaways from Johnson’s speech:

• The Binance settlement could be a turning point for crypto enforcement in the U.S.
• The CFTC is committed to working with other regulators to develop a comprehensive regulatory framework for crypto.
• The U.S. government is taking a more active role in regulating the crypto industry.

The crypto industry is still in its early stages of development, and it is still a lot of uncertainty about how it will be regulated. However, the CFTC’s comments suggest that the U.S. government is taking a more proactive approach to regulating the industry. This could have a significant impact on the future of crypto in the U.S.