Leveraged Crypto Bets Fall Under CFTC Swaps Rule, Ninth Circuit Rules
Court Hands CFTC New Muscle Over Crypto-Like Swaps The Ninth Circuit just gave the CFTC the green light to chase James Crombie for running an illegal swaps-trading platform, even though his deals never touched a traditional futures contract. The ruling keeps the agency’s enforcement net wide, signaling that any platform offering leveraged bets on anything…
