$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction

$1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction: The US Commodities Futures Trading Commission (CFTC) helped bring a fraud case to court, hoping to both assist in its ultimate prosecution and establish precedent. The New York Eastern District Court decided in the CFTC’s favor, ending in a combined over $1.1 million decision in fines and restitution. It also established the regulator as having jurisdiction over cryptocurrencies.