US Regulator’s Control Over Crypto Claimed in Court – Bitcoints

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Published on June 14th, 2018 | by bitcoin

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US Regulator’s Control Over Crypto Claimed in Court

US Regulator’s Control Over Crypto Claimed in CourtRegulation

The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies.
The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates.
The outcome of this case could affect the Commission’s ability to police all future crypto frauds.
Japan Confirms Entrance Into the Crypto Space
Challenging the CFTC’s Power
The power of the CFTC over cryptocurrencies has reportedly been challenged in court.
About My Big Coin Case
The case began in January when the CFTC sued Randall Crater and the company he founded called My Big Coin Pay Inc.

Source: News.bitcoin.com

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