Crypto exchange Binance and its founder, Changpeng “CZ” Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator’s lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions on Tuesday.
US officials announce $4.3B settlement with Binance, plea deal with CZ
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts.
BNB price pops, then drops, following news of DOJ-Binance settlement
The BNB token defied today’s wider market downturn with a high volume rally, which saw its price hit a 5-month high at $271.90
Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined
Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.
Opyn DeFi protocol founders are leaving crypto after CFTC crackdown
Two of the founders of crypto options platform Opyn are stepping down from leadership roles to pursue other aims, but Opyn will continue under new leadership.
CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting
The new trading capability comes simultaneously with a surge in interest in crypto financial products in the United States.
‘Premier’ crypto cop CFTC reveals record-setting digital asset enforcement in 2023
The statement released by the CFTC shows that about 50% of the cases brought to its attention in 2023 involved crypto.
LedgerX highlights CFTC regulatory gap in customer asset rules
The new CFTC proposal enhances rules for FCMs and DCOs, mandating high liquidity in customer fund investments.
CFTC Awards $16M to U.S. Whistleblowers; Most Tips Were Crypto-Related
Crypto continues to have pervasive fraud and other illegality, Commissioner Christy Goldsmith Romero said.
Binance and CZ renew calls to dismiss CFTC lawsuit
Lawyers representing the crypto exchange and its CEO claimed the CFTC was attempting to act as the “world’s derivatives police” in its lawsuit.
Binance Again Seeks to Nix ‘Incendiary’ CFTC Suit
U.S. law “does not control the world,” said the filing by the world’s biggest crypto exchange as it feels increasing regulatory pressure.
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections.
CFTC and FTC file lawsuits against former Voyager Digital CEO for fraud
The legal action followed reports staff at the CFTC had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations.
CFTC weighs enforcement action against former Voyager Digital CEO: Report
Following the lending firm’s bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations
One-third of all CFTC crypto enforcement actions took place this year: Chair Behnam
CFTC chair Rostin Behnam told an audience at the Financial Industry Association Expo about the agency’s activity in the crypto space and its need for modern legislation.
New US bill to require firms to report off-chain transactions to CFTC
The new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions occurring off-chain.
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head.
Architect fintech receives NFA approval to operate as introducing broker
The former FTX.US president founded the company in January to serve institutional investors in crypto and traditional derivatives.
CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress
Regulators said the plans weren’t in the public interest, after a court squabble involving rival service PredictIt
Binance CEO responds to rumors, says US executive is ‘taking a deserved break’
Despite Brian Shroder resigning as CEO of the exchange’s US wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed that the departure was normal.