Landmark CFTC Win: Ninth Circuit Rules Bitcoin a Commodity, Expands Spot-Market Oversight
CFTC Nails Crypto Trader in Landmark Manipulation Win The Ninth Circuit Court of Appeals just handed the CFTC a major victory, upholding a lower court’s ruling against James Devlin Crombie for manipulating the Bitcoin market in 2011. Crombie spoofed orders on the MF Global exchange, flooding it with fake bids to crash prices before shorting—classic…
