The U.S. Commodity Futures Trading Commission (CFTC) is suing Binance and its founder Changpeng Zhao after the crypto exchange allegedly violated the Commodity Exchange Act and other regulations. The CFTC Is Going After Binance The agency claims Binance has had no regard for current financial laws and has been violating them for the past several years. Heads of the CFTC are now seeking financial penalties and a permanent ban in the United States. CFTC chair Rostin Behnam claimed in a recent statement: For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and
Key Takeaways: CFTC issued Order for Approval to KalshiEX for BTCPERP on May 29, 2026 First ever Bitcoin perpetual futures contract on a regulated US exchange Approved under Section 5c(c)(4) of Commodity Exchange Act and Regulation 40.3 CFTC notes perpetual contracts may not suit all assets, encourages review process The…
In the high-stakes CFTC action against Binance, his agency claimed that several tokens – bitcoin, ether, litecoin and the stablecoins tether and BUSD – are commodities that Binance was illegally trading. A lawmaker in the House Appropriations Committee asked him in a budget hearing Tuesday whether he personally believed ether…
AI SummaryShowCFTC’s renewed probe could force stricter user‑location verification, prompting industry‑wide compliance upgrades.Potential enforcement may…