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The United States Commodity Futures Trading Commission is revealing no indications of slowing down in its fight versus crypto companies.
In a declaration released on Tuesday relating to the resolution of the Binance case, CFTC Commissioner Christy Goldsmith Romero stated, “There are no pirate ships in United States markets. Access to United States clients is an advantage, not a right.”
Romero included that the CFTC's case versus previous Binance CEO Changpeng Zhao and the crypto exchange was simply the start, which her Commission would continue to “strongly pursue crypto platforms running in U.S. markets that look for to avert the CFTC's consumer security program.”
Previously today, Zhao accepted pay $50 million in fines after pleading guilty to breaking cash laundering guidelines. Binance, the crypto exchange he co-founded in July 2017, was struck with a $4.3 billion fine for noncompliance and cash laundering offenses– the biggest fine in crypto history.
The CFTC is set to get a share of the settlement as Binance allowed United States clients to participate in trading unregistered cryptocurrency derivatives.
Romero kept in mind that Binance knew that its platform helped with prohibited activities by terrorist companies such as Hamas and darknet markets such as Hydra.
