Following the conclusion of the extensive investigation and pursuit of cryptocurrency exchange giant Binance, reports suggest that the U.S. Commodity Futures Trading Commission (CFTC) now intends to pursue other platforms that violate trading laws.
Despite experiencing a significant unforeseen event, the cryptocurrency industry has effectively mitigated the impact and is now observing signs of price recovery.
CFTC to Intensify Crypto Crackdown
Binance, the world’s largest crypto exchange by trading volume, settled with the US Department of Justice earlier this week without admitting guilt, but it had to pay a large fine of $4.3 billion. In this same case, the former Binance head Changpeng Zhao also pled guilty to the charges against him, including breaching the anti-money laundering law, effectively resigning from his position as the CEO.
Following the recent mind-boggling events, reports suggest that the coming years will likely be challenging for crypto.
After the events, CFTC Comm
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