InvestorsHub Logo
Followers 0
Posts 105
Boards Moderated 0
Alias Born 03/19/2015

Re: None

Monday, 10/01/2018 12:02:10 PM

Monday, October 01, 2018 12:02:10 PM

Post# of 23523
Ok, here we go: "An American judge has decided that that crypto-tokens can be classed as commodities for the purposes of a criminal case.

US District Judge Rya Zobel said on Wednesday that the Commodity Futures Trading Commission’s case against My Big Coin Pay Inc, can go ahead. The latter’s lawyers had argued that the former had no authority because cryptocurrencies are not commodities. This decision is important because of the precedent set.

My Big Coin Pay is a cryptocurrency company which the CFTC alleges to have run a scam."

With that decision in hand the CFTC moves forward with it's case as will a few other federal branches where their jurisdiction applies.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.