The largest crypto exchange in the world, Binance, is going through hard times. The American regulator sued her, management was caught lying about working in China, and analysts found out that the exchange was donating to the Russian army.
The US Commodity Futures Trading Commission (CFTC) filed a lawsuit on March 27 against Binance Holdings Ltd and its CEO Changpeng Zhao. The lawsuit alleges that the exchange violated the rules for trading derivatives, writes Bloomberg.
The regulator said that Binance was required to register properly many years ago, but did not do so. The lawsuit alleges that the crypto exchange “disregarded applicable federal laws by facilitating the expansion of Binance’s U.S. customer base because it was beneficial to it.”
https://www.bloomberg.com/news/articles/2023-03-27/crypto-exchange-binance-sued-by-us-cftc-for-alleged-derivatives-rule-lapses
This time, the accusations look more severe, plus the "darling" of previously unresolved problems. What is your opinion - what are the prospects for the development of the conflict and the impact on the crypto market?
