CFTC Labels Ethereum and Litecoin as Commodities in Lawsuit Against KuCoin
The Commodity Futures Trading Commission (CFTC) has classified both Ethereum (ETH) and Litecoin (LTC) as commodities in its recent legal action against cryptocurrency exchange KuCoin. The lawsuit comes as a result of the CFTC’s allegations that KuCoin engaged in illegal off-exchange commodity transactions without proper registration.
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