- U.S. regulators have ramped up crypto enforcement actions in 2023.
- Binance has found itself at the receiving end of two lawsuits from top regulators.
- There are some critical differences between the SEC case and the CFTC lawsuit.
In the wake of the FTX collapse, market regulators in the United States have ramped up crypto enforcement actions. This increased enforcement effort has not boded well for Binance, the world’s largest crypto exchange that has often been under scrutiny from regulators.
In just over two months, the crypto exchange and its founder Changpeng “CZ” Zhao, have received two separate lawsuits from the U.S.’s top market regulators.
In March, the Commodities Futures Trading Commission (CFTC) slapped Binance with a lawsuit alleging that the exchange had violated U.S. derivatives laws. In the latest instance, the Securities and Exchange Commission (SEC) has also filed charges against…
