Bitcoin Deemed a Commodity: Ninth Circuit Bolsters CFTC’s Crypto Crackdown
Court Hands CFTC Rare Win Over Crypto Trader The Ninth Circuit Court of Appeals delivered a decisive victory for the Commodity Futures Trading Commission against James Devlin Crombie, a California-based crypto trader. The court upheld his liability for fraud and violations of the CFTC’s jurisdiction, reinforcing the agency’s power to police digital asset markets. This…
