With regard to regulation, the US Commodity Futures Futures Trading Commission (CFTC) has jurisdiction over cryptocurrency under the Commodity Exchange Act. One of the most important of these cases involves a guy named Randall Crater and My Big Coin. My Big Coin (MBC) was created in 2013 by CEO John Roche. It named Randall Crater and My Big Coin as Defendants as well as an MBC salesman named Mark Gillespie. Crater and his lawyers are preparing for a rigorous defense of the ever-changing allegations and it should be a case that helps define emerging cryptocurrency.

Source: Forbes October 22, 2019 14:26 UTC