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The same rules govern energy, metals & virtual currencies like bitcoin, a federal judge has reportedly ruled. The US Commodity Futures Trading Commission (CFTC) will regulate cryptocurrency, according to a ruling seen by Reuters.

US District Judge Jack Weinstein has ruled the CFTC had the standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets (CDM), allowing the case to go forward. Weinstein also entered a preliminary order barring McDonnell and CDM from engaging in commodity transactions. The CFTC, which regulates futures and option markets, first determined that cryptocurrencies are commodities three years ago.

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