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Appellants' Brief — 7th Circuit (November 2024)
Full appellants' brief filed in the U.S. Court of Appeals for the Seventh Circuit (Case No. 24-2684). Argues the CFTC lacked subject matter jurisdiction over Ethereum SPOT transactions, and that the district court violated defendants' constitutional rights.
Document Details
Date Filed
November 4, 2024
Agency
Court Filing
Recipient
U.S. Court of Appeals, 7th Circuit
File
Appellants_Brief_7thCir_2024.pdf
984 KB
Page 1 / 99
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24-2684
IN THE
United States Court of Appeals
FOR THE SEVENTH CIRCUIT
C OMMODITY F UTURES T RADING C OMMISSION ,
Plaintiff-Appellee,
—v.—
S AM I KKURTY and JAFIA LLC,
Defendants-Appellants.
ON APPEAL FROM THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
NO. 1:22-CV-02465
HONORABLE MARY M. ROWLAND
BRIEF FOR DEFENDANTS-APPELLANTS SAM IKKURTY
AND JAFIA LLC AND REQUIRED SHORT APPENDIX
d
JASON P. G OTTLIEB
M ICHAEL M IX
M ORRISON C OHEN LLP
909 Third Avenue, 27th Floor
New York, New York 10022
(212) 735-8600
Attorneys for Defendants-Appellants
Sam Ikkurty and Jafia LLC
Case: 24-2684 Document: 11 Filed: 11/04/2024 Pages: 99
IN THE
United States Court of Appeals
FOR THE SEVENTH CIRCUIT
C OMMODITY F UTURES T RADING C OMMISSION ,
Plaintiff-Appellee,
—v.—
S AM I KKURTY and JAFIA LLC,
Defendants-Appellants.
ON APPEAL FROM THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
NO. 1:22-CV-02465
HONORABLE MARY M. ROWLAND
BRIEF FOR DEFENDANTS-APPELLANTS SAM IKKURTY
AND JAFIA LLC AND REQUIRED SHORT APPENDIX
d
JASON P. G OTTLIEB
M ICHAEL M IX
M ORRISON C OHEN LLP
909 Third Avenue, 27th Floor
New York, New York 10022
(212) 735-8600
Attorneys for Defendants-Appellants
Sam Ikkurty and Jafia LLC
Case: 24-2684 Document: 11 Filed: 11/04/2024 Pages: 99
Key Points
Challenges CFTC's claimed jurisdiction over Ethereum SPOT transactions
Documents constitutional violations across multiple amendments
Argues Congress never granted CFTC authority over spot crypto markets
Oral arguments completed May 2025 — awaiting 7th Circuit decision