July 20, 2024

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CFTC Wins Case Against Crypto Fund Operators

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CFTC Wins Case Against Crypto Fund Operators
CFTC Wins Case Against Crypto Fund OperatorsThe U.S. Commodity Futures Trading Commission (CFTC) filed a case against Sam Ikkurty, Ravishankar Avadhanam, and Jafia LLC for civil violations of the Commodity Exchange Act (CEA), specifically involving cryptocurrency investments. The court granted the CFTC’s motion for summary judgment on Monday, finding that the defendants misrepresented the performance of their crypto funds, operated a […]