7th Circ. Wary Of Crypto Fund Owner's Appeal Of $231M Fine

By Celeste Bott ( May 22, 2025, 8:31 PM EDT) -- A Seventh Circuit panel on Thursday pressed counsel for a cryptocurrency fund operator challenging a $231 million judgment for running a Ponzi scheme to address whether he'd waived his argument that the digital tokens his funds invested in aren't "commodities" subject to regulation by the Commodity Futures Trading Commission by not raising it in the lower court....

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