TechFlow news, according to Bloomberg, citing people familiar with the matter, the U.S. Commodity Futures Trading Commission (CFTC) is conducting a confidential investigation into Binance, the largest cryptocurrency exchange in the United States, over allegations that it allowed Americans to trade derivatives in violation of regulations. The CFTC is reportedly examining whether Binance permitted U.S. residents to buy and sell derivatives under its jurisdiction. Binance stated it has not been accused of wrongdoing, and the probe may not necessarily lead to enforcement action. Signs of this review indicate regulators' determination to prevent the crypto industry from becoming mainstream among U.S. investors.
Binance said the company is committed to complying with rules, adding: "We have taken a cooperative approach with regulators around the world, and we take our compliance obligations seriously."
