Commodity Statement for Two Altcoins from the US Department of Justice! Will the Ripple-SEC Litigation Be Affected?

As known DeFi trading platform Mango MarketsCryptocurrency investor who allegedly dumped $110 million worth of crypto money Avraham Eisenberg He was arrested in Puerto Rico.

Avraham Eisenberg, who admitted to taking money from Mango Markets, is accused of commodity fraud and manipulation.

According to the complaints, Eisenberg is the native token of Mango Markets. MNGO’accused of manipulating the price of

After the arrest US Department of Justice (DoJ) In his statements against Avraham Eisenberg, two cryptocurrencyIt was seen that he mentioned it as a commodity.

In these statements of the DoJ CRV and MNGO While it is noteworthy that he mentions cryptocurrencies named as commodities, the DoJ’s explanation of this XRP community and Ripple Labs was considered positive.

Because the DoJ did not establish a connection between the MNGO and CRV tokens and the securities in its statement regarding Eisenberg, nor did it give a statement that Eisenberg committed a securities crime.

The Ministry of Justice made the following statements in its statement, which clearly describes CRV and MNGO tokens as commodities:

“Avraham Eisenberg, the defense party, willfully and knowingly, both directly and indirectly, in a barter and commodity sale contract, subject to the rules of a registered legal entity, in a manipulative and deceptive violation of section 180.1, section 17 of the Code of Federal Regulations. has.”

Experts, who think that the statements of the US Department of Justice are positive for Ripple Labs and XRP, think that the identification of both CRV and MNGO as commodities is strong evidence to think that XRP is a commodity, not a security.

For SEC only leading cryptocurrency bitcoin and Ethereum is a commodity, BTC and ETH He argues that all cryptocurrencies are securities.

In this context, the statements of the US Department of Justice SEC-XRP Time will tell how it will affect his case.