Groundbreaking Chase Bank Lawsuit Verdict Could See NY Federal Judge Rule ‘Crypto is Cash’

By CCN.com: A Manhattan federal judge will have to decide whether crypto is cash in what would be a landmark decision for the budding industry. The ruling would have major implications for what laws and regulations cryptocurrencies are subject to. Chase Bank — the consumer and commercial banking subsidiary of JP Morgan Chase — says crypto is just like cash because it’s a medium of exchange. The only difference is that cryptocurrencies like bitcoin are digital, Chase says. Meanwhile, a group of customers that are suing Chase over fees it charged on crypto purchases contend that cryptocurrencies are goods —

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source https://www.ccn.com/federal-judge-rule-crypto-is-cash-chase-bank-lawsuit

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