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CFTC Appeals Monex Opinion Curbing Enforcement, Crypto Authority

May 29, 2018, 2:59 PM

The nation’s commodities swaps and derivatives regulator is appealing a federal judge’s decision that could change the way it brings enforcement actions and seeks to regulate the virtual currency market.

The Commodity Futures Trading Commission wants a panel of judges to hear a case it brought against Monex, a precious metals dealer. The agency asked the court to satisfy a few procedural steps in a May 25 notice of its plan to appeal.

The judge who heard the case has indicated the court will proceed with the request. Judge James Selna helped fast-track the process by filing a precertification for ...