The U.S. Securities and Exchange Commission (SEC) is appealing the Ripple ruling, while applications for a Bitcoin Exchange-Traded Fund (ETF) are accumulating. Meanwhile, it appears that the Commodity Futures Trading Commission (CFTC) is taking on the actual enforcement of securities in the cryptocurrency industry. The CFTC has filed charges against individuals for fraudulent solicitation in cryptocurrencies and precious metals. The director of enforcement at the CFTC, Ian McGinley, warns investors to be cautious and not fall for scams promising high returns. The article suggests that the SEC could be more effective in enforcing regulations against selling unregistered and unregulated securities.

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