Well, now that the CTFC is involved, I imagine exchanges are not going to want to attract undue attention, but it is a double edged sword regarding their "popularity" and continued existence.
Pressure needs to be placed on the exchanges, even though exchanges are responsible for most of this, I can imagine non exchange bots are also involved.
And I have a feeling that pressure is on the way...
Its About Sharing
Can the U.S. Commodity Futures Trading Commission do anything about exchanges outside the US? It wouldn't be easy for it to prosecute a Chinese exchange, and the Chinese government seems happy to let their exchanges continue wash trading. The US has no extradition treaties with China. It seemed powerless to prosecute Mark Karples and he was based in Japan which is far more US friendly.
Funny situation but I believe the US government has certain "rights" over US Citizens that are outside the U.S.
Not sure where this goes but I can only imagine with these trade agreements spreading everywhere that we will continually lose more and more rights as individuals.