Ninth Circuit Narrows CFTC Power Over Crypto and Retail Metals in Monex Victory
COURT SIDES WITH MONEX, LIMITS CFTC POWER OVER CRYPTO The Ninth Circuit just handed Monex Credit a decisive victory that narrows the CFTC’s reach over retail metals and crypto trading platforms. By reversing a lower-court injunction, the judges ruled that the agency failed to show Monex’s leveraged transactions qualified as illegal off-exchange futures under the…
