CFTC Urges 7th Circ. To Uphold $231M Crypto 'Ponzi' Penalty

By Jessica Corso

The U.S. Commodity Futures Trading Commission has urged the Seventh Circuit to uphold a $231.5 million judgment against a man they say ran a cryptocurrency Ponzi scheme, arguing it is "undisputed" that the agency has authority to regulate the trading of bitcoin and ether.

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