Seventh Circuit Rules Bitcoin and Ethereum Are Commodities, CFTC Wins Crypto Fraud Case
SEC Crushed: Trader’s Wild Bid to Dodge CFTC Fails Big. The Seventh Circuit just slammed the door on crypto trader James A. Donelson’s appeal, upholding the CFTC’s right to nail him for fraud in a $1.3 million scam using Bitcoin and Ethereum. This ruling hands regulators a loaded gun against decentralized fraudsters, signaling that even…
