Coinspeaker
Binance Legal Issues Could Worsen as CFTC Gets More Aggressive, Gains Access to Crypto Exchange’s Records
The recent news of Binance’s former CEO pleading guilty to money laundering charges has undoubtedly made headlines, adding to the circumstances that led to his decision to resign as CEO. A settlement was reached to resolve this matter, resulting in a $50 million fine imposed on CZ (the former CEO) and a $4.3 billion payment to be made by Binance itself. With these measures in place, the exchange can continue operations without further disruption from the aforementioned case. However, this has affected the faith of some of the crypto company’s users as they have started to withdraw aggressively from the exchange in recent days.
It is worth noting, however, that the ongoing legal proceedings show no signs of slowing down. Christy Goldsmith Romero, a Commissioner at the United States Commodity Futures Trading Commission (CFTC), has stated that the commission will pur
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