Seventh Circuit Expands CFTC Reach: Crypto Perpetual Futures Deemed Commodities in Fraud Case
CFTC Crushes Crypto Trader in Landmark Fraud Win The Seventh Circuit just handed the CFTC a major victory, upholding a lower court’s ruling against crypto trader James A. Donelson for orchestrating a $1.7 million fraud scheme using perpetual futures contracts on Bitcoin and Ethereum. Donelson appealed, arguing the CFTC lacked jurisdiction over these digital asset…
