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The commissioner said the CFTC could be misinterpreting crypto products offered by Kucoin
The CFTC's recent lawsuit against KuCoin for offering 'leveraged tokens' has sparked controversy, with Commissioner Caroline Pham suggesting the agency might be overreaching by misinterpreting the nature of these products. The complaint classifies these tokens as digital asset commodity derivatives, a move Pham criticizes for potentially undermining the SEC's regulatory authority.
March 29, 2024 09:49 PM