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The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Kucoin, alleging illegal off-exchange commodity transactions. In the lawsuit, the CFTC has identified Ethereum (ETH) and Litecoin (LTC) alongside Bitcoin as commodities traded illegally. This action reinforces the CFTC's stance that Ethereum and Litecoin are commodities.
Statement of @CFTCpham Regarding KuCoin Complaint: https://t.co/rQjB0Xjxe0
CFTC Takes Legal Action Against Kucoin, Highlights #BTC, #ETH, and #LTC as Commodities https://t.co/fc3AtPC4p5
In the CFTC’s complaint against @kucoincom, the regulator says that the exchange allowed investors to trade commodities including bitcoin, ether and litecoin. https://t.co/hqBWu4cjbn https://t.co/rdrRPQDKyh
