CFTC Moves to Cement Authority Over Crypto Fraud Cases

Coindesk --------- The Commodity Futures Trading Commission is moving quickly to assert its jurisdiction to police fraud in the cryptocurrency industry. Just two days after U.S. Judge Jack B. Weinstein of the Eastern District of New York ruled in favor of the CFTC, affirming its definition of cryptocurrency as a commodity, the regulator gave notice of "supplemental legal authority" to My Big Coin Pay Inc - a crypto services company it charged with fraud and misappropriation of funds in January. To learn more click on the picture below to read the article.