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.
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U.S. Court imposes heavy penalties on Binance and CEO Zhao for regulatory violations, mandating strict compliance measures.
Legal 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."
This development underscores the increasing regulatory scrutiny and legal actions in the cryptocurrency industry.
Chairman Rostin Benham has suggested that Binance knowingly ignored regulations.
Commissioner Christy Goldsmith Romero says the agency needs a new way of categorizing investors as it prepares for new digital-assets oversight.
LeXpunK Army and the DeFi Education Fund asked for permission to argue the CFTC could not serve Ooki DAO members through website chat bot.
The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC's case against Ooki DAO.
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