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Crypto exchange Binance was majorly fined by the CFTC — but a senior commissioner says it should serve as a cautionary tale and not the norm.

Binance invested heavily in lobbying before guilty plea

Binance significantly increased its spending on lobbying in the lead-up to its plea deal with the US government.

Perlman took up his role at Binance last year and is front and center in its attempts to negotiate numerous government investigations.

In its post about CZ’s departure, Binance US listed all the agencies it doesn’t have beef with — but left out the SEC’s enforcement action.

Prosecutors claim CZ poses a flight risk because most of his wealth is outside the country and the UAE has no extradition deal with the US.