Ninth Circuit Expands CFTC Crypto Reach: US Money Flows Trigger Fraud Liability for Offshore Trades
CFTC WINS ON APPEAL, CROMBIE LOSES ON JURISDICTION The Ninth Circuit just handed the Commodity Futures Trading Commission a decisive win, affirming that the agency can pursue fraud claims against a Bitcoin dealer even when the trades never touched a U.S. exchange. The ruling slams the door on Crombie’s attempt to escape liability by claiming…
