As you remember, CFTC filed a lawsuit against Binance, Zhao, and its former top compliance employee. The regulator accused Binance of ignoring “federal law essential to the integrity and vitality of the U.S. financial markets” by willfully offering futures and derivative products without having to register under the CFTC.
Bitcoin fell in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies after U.S. officials launched a lawsuit against Binance, the world’s largest crypto exchange, citing violations of trading rules. XRP was the only token that could be withdrawn from the exchange.
U.S. stocks increased a little bit on Monday as the government increased assistance for failing banks and First Citizens Bank announced it would buy the bankrupt Silicon Valley Bank.
