Which Virtual Currencies are Commodities? The Landmark Case CFTC vs. My Big Coin Pay

In the extremely important and recent case, CFTC vs. My Big Coin Pay, a federal court ruled that My Big Coin is a virtual currency meeting the definition of a commodity, despite the absence of a futures contracts and other derivatives trading on it.  Ms. Walker  explains the case and its significance for the CFTC’s jurisdiction over virtual currencies.