Bernstein Report: CFTC May Order Binance to Stop US Operations as Part of Potential Settlement

According to CoinDesk, according to a research report by Wall Street investment bank Bernstein, “as part of a potential settlement, the U.S. Commodity Futures Trading Commission (CFTC) may require Binance to cease operations in the United States. It accounts for less than 5% of the exchange’s global business.” Foresight News previously reported that last night, the US Commodity Futures Trading Commission (CFTC) sued Binance and Changpeng Zhao for alleged violations of trading and derivatives rules and will seek Impose a permanent trading and registration ban on it in the Binance case. In this regard, Binance stated that Binance has cooperated with the CFTC for more than two years. Access, Cooperation and Transparency with Law Enforcement, Cooperation and Transparency with Law Enforcement, Transactions, etc. In addition, Binance also stated today that Binance.US was announced on June 13, 2019 and launched on September 24, 2019 as a compliant platform for US users. While Binance.com and Binance.US are ultimately owned by Changpeng Zhao, Changpeng Zhao is a board member of Binance.US, Binance.com and Binance.US are separate entities, and Binance.US is not a subsidiary of Binance.