Crypto declared as Commodities in Four US Court Cases

Crypto declared as Commodities in Four US Court Cases

Four court cases have confirmed cryptocurrency are commodities in the US. The CFTC announced, “The federal court finds that virtual currencies are commodities…Senior Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts entered an order holding that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency.”

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