CFTC Goes After Binance and Changpeng Zhao With Lawsuit, Bitcoin (BTC) and Crypto Markets Get Rocked

The Commodities Future Trading Commission (CFTC) has charged crypto exchange Binance and its CEO Changpeng Zhao (CZ) with a long list of regulatory violations, sending uncertainty through the digital asset markets. In a press release from the CFTC, Chairman Rostin Behnam says Binance knowingly broke CFTC rules and has been actively avoiding compliance.