HomeCrypto NewsCFTC declares Bitcoin, Ethereum and Litecoin commodities in legal action against KuCoin

CFTC declares Bitcoin, Ethereum and Litecoin commodities in legal action against KuCoin

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According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) once again asserted that Bitcoin, Ethereum and Litecoin are commodities.

“KuCoin solicited and accepted orders, accepted property as margin, and operated a facility that facilitated futures, swaps, and leveraged, margined, or financed retail transactions in digital assets involving commodities, including Bitcoin,” CFTC attorneys said in the complaint on Tuesday. Ethereum and Litecoin.”

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