The US Commodity Futures Trading Commission (CFTC) has refused a Freedom of Information Act (FOIA) for a release of the subpoenas allegedly issued last year to cryptocurrency exchange Bitfinex and token issuer Tether, Coindesk reports Wednesday, June 6.
Bitfinex and Tether share a CEO, Jan Ludovicus van der Velde, and the two entities had created controversy last fall over alleged price manipulation of Tether. The two companies reportedly received subpoenas from US regulators on Dec 6, 2017, with the impetus for the subpoenas still unclear.