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CFTC Treatment of Cryptocurrencies as Commodities Confirmed by a Federal Court
March 15, 2018
James Sattin
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Banking and Financial Services Litigation, Cryptocurrency
In its ruling of March 6, 2018 in Commodity Futures Trading Commission v. Patrick K. McDonnell, and Cabbagetech, Corp. d/b/a Coin Drop Markets, the U.S. District Court for the Eastern District of New York confirmed in a settlement order the position taken by the Commodity Futures Trading Commission (the “CFTC”) that (1) “[v]irtual currencies can