No products in the cart.
- Latest
- Trending
ADVERTISEMENT
The US Commodity Futures Trading Commission (CFTC) lists three crypto assets that are considered commodities.
In a fraud complaint filed against Sam Bankman-Fried, FTX, and Alameda Research in the United States District Court for the Southern District of New York, the CFTC To tell Digital assets such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) are commodities.
A digital asset is anything that can be stored and transmitted electronically and that has an associated ownership or usage right.
Digital assets include cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and Tether (USDT). They are digital representations of value that act as mediums of exchange, units of account, and/or stores of value.
Certain digital assets, including Bitcoin (BTC), Ether (ETH), Tether (USDT), etc., are commodities
In its fraud complaint, the CFTC alleges, among other things, that Sam Bankman-Fried and the cryptocurrency entity he founded and led “diverted customer funds for their own use and benefit.”
Bankman-Fried and other FTX executives received hundreds of millions of dollars in undocumented loans from Alameda to purchase luxury real estate and property, make political contributions, and make other improper uses. I was. “
Sam Bankman Freed was arrested in the Bahamas earlier this week. The US Attorney’s Office for the Southern District of New York has charged him with one count of conspiracy to launder money, one count of him with conspiracy to defraud the United States, and election campaign charges. Financial law and 6 cases of fraud.
Don’t Miss a Beat Subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/Konst787/Spyro the Dragon
