[CFTC Abolishes Nearly 30-Year-Old 'No-Admit-No-Deny' Policy] According to Cointelegraph, the CFTC announced on June 4 the abolition of the 'no-admit-no-deny' policy implemented since 1998, which required defendants to agree not to deny allegations during settlements. CFTC Chairman Mike Selig stated that this move aligns with the direction of government regulatory agencies and enhances flexibility in enforcement settlements. The SEC had already abolished a similar policy in May, and several crypto companies had criticized the rule for restricting freedom of speech.