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CFTC — Commodity Futures Trading Commission
Dkt. #268 — CFTC's Memorandum in Support
CFTC's memorandum of law in support of its motion for summary judgment. Contains the CFTC's legal arguments for jurisdiction and liability.
Document Details
Date Filed
October 16, 2023
Agency
Commodity Futures Trading Commission
Recipient
U.S. District Court, N.D. Illinois
File
CFTC_Memo_Support_Dkt268.pdf
338 KB
Page 1 / 32
120%
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
COMMODITY FUTURES TRADING
COMMISSION,
Plaintiff,
v.
JAFIA LLC, SAM IKKURTY A/K/A
SREENIVAS I RAO, AND
RAVISHANKAR AVADHANAM,
Defendants,
IKKURTY CAPITAL, LLC D/B/A ROSE
CITY INCOME FUND I, ROSE CITY
INCOME FUND II LP, SENECA
VENTURES, LLC,
Relief Defendants.
Case No.: 22-cv-2465
Hon. Mary M. Rowland
Magistrate Judge Jeffrey Cummings
CFTC’S MEMORANDUM OF LAW IN SUPPORT OF SUMMARY JUDGMENT
Case: 1:22-cv-02465 Document #: 268 Filed: 10/16/23 Page 1 of 32 PageID #:3577
NORTHERN DISTRICT OF ILLINOIS
COMMODITY FUTURES TRADING
COMMISSION,
Plaintiff,
v.
JAFIA LLC, SAM IKKURTY A/K/A
SREENIVAS I RAO, AND
RAVISHANKAR AVADHANAM,
Defendants,
IKKURTY CAPITAL, LLC D/B/A ROSE
CITY INCOME FUND I, ROSE CITY
INCOME FUND II LP, SENECA
VENTURES, LLC,
Relief Defendants.
Case No.: 22-cv-2465
Hon. Mary M. Rowland
Magistrate Judge Jeffrey Cummings
CFTC’S MEMORANDUM OF LAW IN SUPPORT OF SUMMARY JUDGMENT
Case: 1:22-cv-02465 Document #: 268 Filed: 10/16/23 Page 1 of 32 PageID #:3577
Key Points
CFTC's legal arguments for Ethereum SPOT jurisdiction
Basis for defendants' constitutional challenge
Rebutted by expert report and blockchain evidence