Crypto Exchange Binance Sued by US CFTC for Alleged Derivatives Rule Lapses
Reading Time: 2 minThe US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, a major cryptocurrency exchange, alleging that the exchange violated derivatives trading rules by allowing US-based customers to trade without being registered with the agency. The lawsuit highlights the challenges that regulators face in overseeing the cryptocurrency industry, and the need for stricter regulation to protect consumers and the financial system from potential risks associated with cryptocurrency exchanges.