Binance and its CEO CZ were sued by the US Commodity Futures Trading Commission (CFTC) today for allegedly breaking trading and derivatives rules.
Following the news, the price of Bitcoin dropped below $27,000, down 4.14% over the last 24 hours.
Binance
CZ
Policy and Regulation
U.S. Treasury Official Warns Against Non-U.S. Stablecoin Issuers CZ Zhao Has to Stay in the U.S. Ahead of Sentencing in February Next Year Binance and Crypto Community Display Resilience Amidst DOJ Settlement Binance Settles Criminal Charges for $4.3 Billion, CZ Zhao Steps Down as CEO U.S. Seeks More Than $4 Billion Fines From Binance to End Criminal Investigation
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