From: New York Law Journal
“Every agency wants to feel like they have a say in this growing ecosystem that is developing,” one attorney said.
By Stephanie Forshee
A federal judge in New York ruled this week that virtual currencies can be regulated by the U.S. Commodity Futures Trading Commission.
So now that a court has deemed the CFTC has jurisdiction over bitcoin and other cryptocurrencies, much like it oversees gold and oil, what will the effects be on this quickly emerging sector?
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