CFTC Wins Lawsuit Against Ooki DAO, Solana Foundation and Polygon Labs Argues Against Securities Classification
Jun 12, 2023
Author
Equity markets edged higher ahead of a key week where investors await key inflation data and the Federal Reserve’s interest rate decision. May’s CPI data comes out tomorrow, while the next FOMC meeting is on Wednesday. ^SPX 0.13% and QQQ are trading 0.2% and 0.5% higher than Friday’s close, while NDAQ is down ~11% after announcing a $10.5b acquisition of Adenza, a software provider for banks and brokerages in a cash-and-stock deal. Digital asset markets have been mostly ranging since Saturday’s early dump, with BTC and ETH trading 0.5% and 0.9% lower in the past day. Coins listed in the SEC’s suit have been performing the worst in the past week, with SAND, MANA, AXS, CHZ among the lot with weekly losses larger than 30%.