Bitcoin24h $63,621.93+0.30%

Ethereum24h $1,887.17-0.25%

BNB24h $608.27-0.31%

XRP24h $1.01-0.52%

Solana24h $76.00+0.38%

TRON24h $0.3342-0.45%

Hyperliquid24h $58.13+3.20%

Dogecoin24h $0.0699-1.22%

UNUS SED LEO24h $9.48+3.76%

Zcash24h $491.27+1.38%

Binance US could be shut down even with CFTC settlement

Changpeng Zhao (CZ) has denied the CFTC’s claims that Binance was operating an illegal trading shop… how much longer can he keep this up?

CFTC lawsuit against Binance claims CZ traded against users

The CFTC has sued Binance and CZ for failure to register, AML failures, illegal derivatives, and allowing US-based people to use it.

The CFTC wants a judge to rule in its favor after Ooki DAO failed to respond to a lawsuit alleging that it broke federal commodities laws.

Major headlines from the SBF proposal include crypto being regulated by the CFTC and Bitcoin and Ethereum being classed as commodities.

The CFTC says Ooki DAO offered illegal commodity transactions and engaged in activities that require it to register with the regulator.