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 and QQQ -0.78% are trading 0.2% and 0.5% higher than Friday’s close, while NDAQ -1.58% 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 -1.47% , CHZ among the lot with weekly losses larger than 30%.