Tagged: my big coin

CFTC Argues in Court It Can Regulate Fraudulent ICOs as Commodities

Last Friday, the Commodity Futures Trading Commission argued in a Boston courtroom that cryptocurrencies are tradable commodities that can be regulated under CFTC purview. The argument comes after lawyers for Randall Crater and Mark Gillespie of My Big Coin Inc. attempted to have fraud charges… Read More

My Big Coin Tells Court Tokens aren’t Regulated by CFTC Because they are Not Commodities

My Big Coin (MBC) was hit with an enforcement action by the Commodity Futures Trading Commission (CFTC) back in January of this year. The CFTC alleged, among other things, that MBC’s initial coin offering represented to investors as being actively traded on cryptocurrency exchanges when in fact… Read More

My Big Coin Ends Up Being My Big Con as CFTC Files Fraud Charges Against Randall Crater, Mark Gillespie and Ongoing ICO

The Commodity Futures Trading Commission (CFTC) has shut down another initial coin offering with allegations of fraud. The ICO unfortunately named My Big Coin (MBC) ends up becoming My Big Con as the enforcement action has charged defendants Randall Crater of East Hampton, New York, Mark Gillespie of Hartland,… Read More