CFTC Bids Against SEC In A New Crypto Fraud Case; Defines Digital Assets As Commodities

The Commodity Futures Trading Commission (CFTC) calls Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) commodities in the latest crypto fraud and misappropriation case. Tug-of-war continues between the U.S. CFTC and U.S. Securities and Exchange Commission (SEC) concerning which has jurisdiction over cryptocurrencies.