Ninth Circuit Expands CFTC Power, Reinstates Monex Yield-CD Case
CFTC Clobbers Monex in Crypto Deposit Win The Ninth Circuit just handed the CFTC a major victory, ruling that Monex Deposit Company’s high-yield “certificates of deposit” marketed to retail investors qualify as unregulated commodity interests—slamming the door on claims they were just boring bank products. This appellate smackdown reverses a lower court dismissal and greenlights…
