Johnson, a member of the U.S. Futures Trading Commission, criticized Voyager Digital for distributing customer funds indiscriminately and for its misleading practices. Voyager's mistakes have negatively impacted the company's reputation and led to problems with regulators. Former CEO Stephen Ehrlich has been indicted by the CFTC on fraud charges. The FTC banned Voyager's cryptocurrency-related services, and it was decided to reimburse customers who went bankrupt. CFTC member Caroline Pham has proposed creating a pilot program for cryptocurrency regulation and focused on protecting customer funds. Voyager faced millions of dollars in debt and halted withdrawals.