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Opyn, a leading DeFi options protocol, has appointed Andrew Leone as its new CEO following regulatory actions by the CFTC. The leadership shift comes as co-founders Zubin Koticha and Alexis Gauba step down in response to compliance challenges.
- Andrew Leone, former head of research at Opyn, takes over as CEO amid regulatory scrutiny from the CFTC.
- Opyn's co-founders Zubin Koticha and Alexis Gauba step down following CFTC charges related to registration failures.
- The CFTC's 2023 enforcement actions included 96 cases, signaling heightened regulatory pressure on the crypto industry.
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