CFTC approves rule setting 30% base payout for whistleblowers on awards up to $5M
- —The rule applies to whistleblower awards of up to $5 million
- —The base payout is 30%, but the commission may deviate from it
- —The CFTC has paid whistleblowers more than $430 million since 2014
- —The most recent major award — more than $8 million to five people — was announced on June 1
Why it matters: The rule makes payouts more predictable and could increase the flow of crypto fraud tip-offs in the US.
Source: TokenPost