On July 16th, the CFTC, targeting a media company focused on cryptocurrencies, Hit Network, issued subpoenas for the trading activities and digital wallet information of 15 tokens, including the memecoin BEN. This move is part of the CFTC's ongoing efforts to combat fraudulent and illegal activities in the digital currency sector. The aim is to gather sufficient evidence to determine if there have been any violations and hold the responsible parties accountable.