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REGULATION
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2 years ago

CFTC Sues Binance CEO

2023-03-28

REGULATION
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2 years ago


The US Commodity Futures Trading Commission (CFTC) sues Binance CEO and founder Changpeng Zhao on March 27. CFTC regulates crypto derivatives and futures trading. CFTC alleges that Binance provide unregistered crypto derivatives products in the US and alleged Binance for not following rules and regulations imposed by CFTC. It sues Binance through the United States District Court For Northern District of Illinois. CFTC is requesting Binance to follow its requirements.

 

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