U.S. commodity regulator faces court challenge over attempt to regulate cryptocurrency

“Lawyers argue the CFTC has no authority over the virtual currency because it is not a commodity like wheat or cotton or a service that is traded using futures contracts, the typical focus of the agency’s enforcement regime.”

Read more: https://www.reuters.com/article/us-usa-cryptocurrency-mybigcoin/u-s-agencys-virtual-currency-oversight-faces-court-challenge-idUSKBN1J92F3

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