.jimcramer calls binance 'a company gone rogue' in response to the CFTC's recent lawsuit against the world's largest cryptocurrency exchange
concerns over the Commodity Futures Trading Commission's recent lawsuit against Binance, the world's largest cryptocurrency exchange.Binance and its CEO, Changpeng Zhao, face allegations of regulatory violations filed by the CFTC in federal court in Chicago on Monday.
The CFTC accuses Binance and Zhao of breaking trading and derivatives rules by soliciting and accepting orders from U.S. customers involving spot and derivative transactions since July 2019 without being registered with the CFTC. The lawsuit raises further questions about the regulatory environment for cryptocurrency exchanges, particularly in the United States, where regulations have been tightening.
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