Binance Caught in the Crossfire: CFTC Lawsuit Aimed at SEC?
CoinEdition
Published Mar 28, 2023 09:15AM ET
Updated Mar 28, 2023 09:30AM ET
Binance Caught in the Crossfire: CFTC Lawsuit Aimed at SEC?
- BitBoy Crypto believes that the CFTC’s lawsuit against Binance is more of a shot against the SEC than Binance.
- Eleanor Terrett shares that her sources indicate the SEC would file a similar lawsuit against Binance in response to the CFTC’s lawsuit.
- On March 27, the CFTC filed a lawsuit against Binance claiming it traded on its own exchange using 300 accounts connected to Binance CEO CZ.
Ben “BitBoy Crypto” Armstrong tweeted his opinion on the Commodity Futures Trading Commission’s (CFTC) lawsuit against Binance. Armstrong believes that the CFTC’s lawsuit is more of a slight against the U.S. Securities Exchange Commission (SEC) rather than against Binance.
Accordingly, Zhao released a statement in response to the allegations. Zhao referred to the civil complaint as “unexpected and disappointing” after more than two years of cooperation with the CFTC. In his response, Zhao detailed only a few key points, noting that a full response will follow in due time.
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