CFTC Classifies Ethereum and Litecoin as Commodities in KuCoin Case

The Commodity Futures Trading Commission (CFTC) has complained about the entities that own KuCoin. The allegation calls attention to the illegal transactions involved in off-exchange commodity futures activities. KuCoin is said to have been employed in soliciting and accepting orders of different commodity transactions without CFTC registration. This action highlights the intention of the regulatory body to ensure compliance in the digital asset area.