Digitex’s price plummets after CFTC lawsuit

On Friday, the Commodities Futures Trading Commission went after Digitex and its founder Adam Todd in a lawsuit, claiming that it has never been registered with the Commission in any capacity. Learn how smart money is playing the game of criptocurrency.

The price of DGTX fell by 12%, with the coin now trading at zero after the CFTC accused the founder of price manipulation of Digitex's native token.

The CFTC has been aggressively cracking down on industry players through a regulation by enforcement method that has drawn ire from some who would prefer clear, transparent rules aroundcryptocurrencies.