The U.S. Commodity Futures Trading Commission (CFTC) announced settlements with multiple DeFi companies in a press release dated Sept. 7 as it and its counterpart regulator for the securities market, the Securities and Exchange Commission (SEC), show no sign of slowing down their ongoing enforcement actions against actors in the cryptocurrency space.

Ian McGinley, the CFTC’s Director of Enforcement, wrote:

“Somewhere along the way, DeFi operators got the idea that unlawful transactions become lawful when facilitated by smart contracts…They do not.”

The CFTC primarily targeted ZeroEx Inc., best known for creating 0x Protocol. The agency said that ZeroEx also offered a frontend called Matcha, which traded third-party tokens that provided leveraged exposure to BTC, ETH, and other …