✨ CFTC Takes Aggressive Stance after Binance Case
posted 24 Nov 2023
The Commodity Futures Trading Commission has declared that its case against CZ and Binance marks the beginning of an assertive enforcement approach.
CFTC
Commissioner emphasized, “There are no pirate ships in US markets,”
highlighting that access to US customers is a privilege, not a right.
The CFTC
plans to vigorously pursue crypto exchanges violating trade laws,
including those attempting to circumvent KYC rules through methods such
as VPNs, etc.
Another
Commissioner emphasized that the CFTC’s jurisdiction knows no borders,
affirming their commitment to pursuing non-US entities.
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