When the SEC plays the role of the Scrooge for airdrops, McHenry and Emmer bring out the sticks to restore order.
The CFTC chairman challenges the SEC and asserts that the majority of cryptos are not securities, favoring innovation.
The US Commodity Futures Trading Commission (CFTC) warns of the increasing scams fraudulently using artificial intelligence (AI) to attract crypto investors with the promise of whopping returns.
The CFTC has published a detailed report on DeFi, highlighting the lack of accountability and AML/CFT compliance in the crypto space.
Recently, Binance has reached an agreement valued at over $4 billion to drop investigations conducted against it by the US Department of Justice (DOJ). A similar agreement, involving, like the previous one, Changpeng Zhao, the former CEO of Binance, has been concluded most recently. This time, with the Commodity Futures Trading Commission (CFTC).
With over 100 million users, Binance easily claims the title of the world's largest cryptocurrency exchange. If CZ's exchange were to fall victim to the initiatives of U.S. regulators, others (Kraken, Coinbase, and the like) would melt away like snow in the sun. And apparently, the U.S. Department of Justice is preparing to launch an assault on this crypto behemoth with feet of clay.
After the CFTC, it's now the SEC's turn to go after Binance and its founder Changpeng Zhao (CZ).