CFTC Wins Big as Ninth Circuit Upholds $12M Penalty on Monex, Expands Crypto Derivative Reach
CFTC Clobbers Monex in Crypto Forex Win The Ninth Circuit just handed the CFTC a major victory, upholding a $12 million penalty against Monex for illegally peddling leveraged retail forex contracts without registration—deals that doubled as crypto-adjacent margin trading traps. This ruling supercharges the CFTC’s grip on digital asset derivatives, signaling regulators can chase borderline…
