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CFTC Gives Notice Of Supplemental Authority Related To Virtual Currency

By

Matthew

De Silva

WriterETHNews.com

Just two days after being granted a preliminary injunction in its case against Patrick McDonnell and Coin Drop Markets, the CFTC used that ruling to give notice of supplemental authority in another cryptocurrency-related case.

On March 8, 2018, the Commodity Futures Trading Commission (CFTC) filed a notice of supplemental authority in its case against My Big Coin Pay, Inc., Randall Crater, and Mark Gillespie (Case No. 18-CV-10077). The notice is related to the preliminary injunction which the agency was granted in another virtual currency case, CFTC v. McDonell.

Last week, ETHNews reported on the ruling, which supports the CFTC's 2015 finding that virtual currencies like bitcoin are commodities.

The notice of supplemental authority can be seen below:


Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

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