Seventh Circuit Rules DeFi Platform a Commodity, Expands CFTC Reach
Court Slams Crypto Operator as Commodity Fraudster The Seventh Circuit just told crypto operator James Donelson that calling his trading platform “decentralized” does not shield him from federal rules when he controls the money and the code. In a brisk opinion, the court upheld a $1.6 million penalty and trading ban, ruling that Donelson’s token…
