US Commodity Futures Trading Commission Sues Binance CEO Zhao for Violations – Bloomberg

The world’s largest crypto asset (virtual currency) exchange.The US Commodity Futures Trading Commission (CFTC) has sued Binance Holdings and its CEO Zhao Changpeng for alleged violations of trading and derivatives rules.

After the information broke, Bitcoin extended its decline, temporarily dropping 3.9% to $26,722. Binance Coin (BNB), the cryptocurrency issued by Binance, fell by about 3.5 percent to $315.70.

The CFTC filed a complaint in federal court in Chicago on Thursday. The CFTC said Binance failed to comply with its proper registration obligations.

The CFTC has been investigating Binance since at least 2021, alleging that it allows US residents to buy and sell cryptocurrency derivatives. The CFTC usually requires operators to register if they open their platforms to trade on US residents.

Original title:Binance and Zhao Sued by CFTC Over US Regulatory Breaches (1)、Cryptocurrency decline after Binance, Founder sued by CFTC (抜粋)

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