- US derivatives watchdog files lawsuit against Binance, the world’s largest crypto exchange.
- CFTC alleges Binance encouraged US customers to skirt compliance controls and prioritised commercial success over compliance with US law.
- CFTC is seeking permanent injunctions to stop Binance from ever working with US-based customers and wants Binance to hand over all benefits received.
- A win for the CFTC would be a boost for the agency’s standing as a top US crypto cop and send a clear message to digital asset platforms that attempt to circumvent federal rules.
- A loss would be a strong indictment of the US regulatory environment generally.
US regulator plays for high stakes with Binance lawsuit
CFTC chair sets out probably his ‘most significant case’ yet brought against crypto markets
Stefania Palma
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