Ninth Circuit Expands CFTC Power Over Crypto Derivatives, Upholds $2M Judgment
Court Hands CFTC Sweeping Win Over Crypto Promoter The Ninth Circuit just handed the CFTC broad authority to police unregistered crypto schemes, affirming that James Crombie’s Bitcoin-based venture was an illegal futures operation and ordering him to pay more than $2 million. The ruling matters because it cements the agency’s reach over digital-asset contracts that…
