Seventh Circuit Rules Leveraged Crypto Bets Count as Futures, Expanding CFTC Oversight
COURT SLAMS “PREDATORY” TRADER—AND MAY REWRITE HOW FUTURES COUNT AS COMMODITIES The Seventh Circuit just handed the CFTC a decisive win, ruling that James Donelson’s unregistered futures-trading business was illegal even though it never touched traditional exchange contracts. The decision matters because it widens the agency’s reach over off-exchange crypto-linked derivatives, and it signals that…
