Ninth Circuit Rules Leveraged Spot Trades Aren’t Futures, Limiting CFTC Authority in Monex Case
COURT SLAMS CFTC IN MONEX CASE, CRYPTO BROKERS BREATHE Judges in California just handed the CFTC a stinging loss in its long-running fight against Monex, ruling that the agency cannot stretch commodities law to police every leveraged metals trade. The decision narrows federal oversight of crypto-like products and hands exchanges a powerful precedent to push…
