Legal Opinion
Commodity Futures Trading Comm'n v. My Big Coin Pay, Inc.
District Court, District of Columbia
Decided September 26, 2018No. CIVIL ACTION NO. 18-10077-RWZPublishedCited by 5 opinions
1Opinion of the Court
RYA W. ZOBEL, SENIOR UNITED STATES DISTRICT JUDGE
*494Defendant Randall Crater and all Relief Defendants1 move to dismiss this case brought by plaintiff Commodity Future Trading Commission ("CFTC"). The amended complaint alleges a fraudulent "virtual currency scheme" in violation of the Commodity Exchange Act ("CEA" or "the Act") and a CFTC implementing regulation banning fraud and/or manipulation in connection with the sale of a commodity. See 7 U.S.C. § 9(1) ; 17 C.F.R. § 180.1(a). Defendants' principal argument is that CFTC fails to state a claim because My Big Coin ("MBC" or "My Big Coin"),…
2Cases cited20 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Ocasio-Hernandez v. Fortuno-BursetCourt of Appeals for the First Circuit · 2011
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
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3Cited by5 opinions
- Commodity Futures Trading Commission v. Aipu LimitedDistrict Court, W.D. Washington · 2025
- Commodity Futures Trading Commission v. Control-Finance LimitedDistrict Court, S.D. New York · 2021
- Commodity Futures Trading Commission v. My Big Coin Pay, Inc.District Court, D. Massachusetts · 2020
- Commodity Futures Trading Commission v. Sam IkkurtyDistrict Court, N.D. Illinois · 2024
- Commodity Futures Trading Commission v. Venture Capital Investments LTDDistrict Court, D. Colorado · 2020