CLS Global, a leading digital asset market maker and liquidity provider founded in 2017, announced that it has reached agreements with the U.S. Securities and Exchange Commission and the U.S. Department of Justice. These settlements come as CLS Global responds to and proactively cooperates with the regulators, namely the SEC and the DOJ, to remediate trading activities on the platforms like Uniswap.
On April 2, 2025, the matter was finally adjudicated in a federal court in Boston, which imposed a penalty of $428,059 and a three-year probation period during which CLS Global will not be allowed to operate its services in the U.S. market-all revolving around allegations tied up in the FBI's NexFundAI token investigations starting in May 2024.
As noted in the official documents, CLS Global "promptly retained counsel" and strengthened its internal policies. CLS Global's cooperation and immediate action emphasizes the importance of the company's compliance systems and ethical business conduct.
"We've implemented sophisticated compliance protocols that set new standards for market makers in the digital asset space," said Filipp Veselov, CEO of CLS Global. "This resolution allows us to close this chapter and focus our resources on delivering exceptional service to our global clients in jurisdictions where we maintain full regulatory alignment."
An agreement in this context ends up in definite regulatory parameters that would benefit the entire industry. As part of the settlement, CLS Global has refocused the geographical aspects of its services and has enhanced the compliance infrastructure it developed to ensure continuous operational excellence. Such advances really further protect both the company and its clients across world markets.
"Our proactive approach to this matter demonstrates CLS Global's unwavering commitment to transparency and ethical business practices," added Filipp V. "We are excited to continue serving our global client base by integrating even stronger operational controls into our compliance regime.”
About CLS Global
CLS Global is a leading digital asset market maker, serving clients globally with advanced trading solutions and liquidity provision services. With over 110,000 followers on X, the company continues to expand its operations within established regulatory frameworks, ensuring reliable and compliant services for its clients worldwide.
Company details
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OrganizationCLS Global
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Vladislav Sopov
Dan Burgin