CFTC Triumphs in Legal Battle Against Binance
U.S. Court imposes heavy penalties on Binance and CEO Zhao for regulatory violations, mandating strict compliance measures.
KikyoU.S. Court imposes heavy penalties on Binance and CEO Zhao for regulatory violations, mandating strict compliance measures.
KikyoThe U.S. Commodity Futures Trading Commission (CFTC) continues its enforcement actions in the cryptocurrency space, announcing settlements with prominent DeFi companies in a press release on Sept. 7.
EdmundLegal counsel representing Binance and CZ contended that the CFTC's legal actions could be interpreted as an effort to assume a role akin to the "world’s derivatives police."
KikyoThis development underscores the increasing regulatory scrutiny and legal actions in the cryptocurrency industry.
BeincryptoChairman Rostin Benham has suggested that Binance knowingly ignored regulations.
CryptoSlateThe recent spree of regulatory actions in the DeFi ecosystem got positive reactions from the credit rating firm Moody.
BitcoinistCommissioner Christy Goldsmith Romero says the agency needs a new way of categorizing investors as it prepares for new digital-assets oversight.
Coindesk“We don’t necessarily seek more power without more resources,” Dan Berkovitz said of the crypto market.
Cointelegraph