Seventh Circuit curbs CFTC retroactivity in swap case, leaves crypto in a gray zone
Court Slaps CFTC on Hand, Leaves Crypto in Gray Zone The Seventh Circuit just handed the CFTC a narrow win and a sharp warning: it can police swaps, but it cannot rewrite its own jurisdiction after the fact. The decision matters because every future enforcement action against crypto derivatives now carries an unspoken asterisk—what the…
