A federal judge has postponed any decision on a crypto fraud case brought by the Commodity Futures Trading Commission against the alleged scammer Patrick McDonnell. Judge Jack Weinstein of the eastern district of NY wrote in court order Thursday that the CFTC should report proposed findings of fact, conclusions of law, and because their debate is irrelevant. If I walked over and shot a man In the head, all of us know I murdered that man, but with regards to the way I am being charged under statutory law.
Why sit there and get caught up in their fairy tale and their book of fiction? . The judgment has already been mentioned In another case earlier this year, when attorneys for Maksim Zaslavskiy maintained the U.S. Government cannot assert cryptocurrencies are securities and commodities at the same time. They pointed to Weinstein’s judgment as proof that the crypto currency is a commodity, not a security. Zaslavisky has been sued for securities law violations from the U.S. Securities and Exchange Commission. His case will go to a jury trial early next year, when the court will decide whether or not his companies – RECoin and DRCW – were selling unregistered securities. NY courthouse picture by Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.