The U.S. Department of Justice is considering fraud charges against Binance, but also worries that the move could cause a run on the exchange and spur a panic in the crypto markets, Semafor reports.
According to people familiar with the matter, the DOJ is also considering other options, such as fines and deferred or non-prosecution agreements.
The $BNB price dropped immediately after the report was published. According to TokenInsight data, the price of $BNB dropped 3.04% over the last 24 hours, trading at $240.29 now.
Earlier this year, Binance was sued by the US Commodity Futures Trading Commission and Securities and Exchange Commission.
Related: CZ and Binance Sued by CFTC
SEC Sues Binance and CEO Changpeng Zhao for Securities Law Violations
TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.
Binance
Policy and Regulation
