Following a rigorous investigation and increased regulatory scrutiny directed at Binance, the leading cryptocurrency exchange by trading volume, hopes for stability in the financial sector were high within the crypto community.
The recent settlement between Binance and the US Department of Justice (DOJ), which involved CEO Changpeng Zhao (CZ) pleading guilty to charges, was seen as a potential turning point and a source of relief for the overall market.
However, the Commodity Futures Trading Commission (CFTC) has made it clear that the Binance settlement is merely the first step in their “aggressive pursuit” of the entire crypto industry.
No Safe Haven For Crypto Exchanges
According to a Business Insider report, CFTC Commissioner Christy Goldsmith Romero emphasized that “there are no pirate ships in US markets” and stressed that access to US customers is a privilege, not a right.
Per the report, the CFTC intends to maintain its unwavering pursuit of crypto exchanges fou
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