“Only semi-safe path for Binance here is likely a settlement which CFTC would still push for the billions in make whole, disgorgement and civil penalty payments but may allow CZ et al to avoid admission of guilt,” the analyst added. The worlds biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the U.S. “If they do show up and engage, then the discovery process will be opening all their books internationally to US regulators from all entities including those personally owned by CZ to churn up other issues.” Mmm as fan of binance brand, this was a bit of let down.
DYOR and be responsible for your own actions. “If CZ, Lim and Binance fail to engage with US courts, and fail to defend themselves in a trial, it's likely the CFTC would win flat out, and some criminal contempt/obstruction charges would be added which would extend issues to other countries,” Cochran tweeted. Meme coins (and all crypto) are high risk Remember, no one is forcing you to buy them. Q&A: Binance CEO On Bubbles, Meme Coins And Crypto’s Swings. Read also: Binance expands its reserves by adding 11 new tokens to PoR The CEO of Binance, the world’s largest cryptocurrency exchange. And given that the regulator is seeking payment for all fees back to 2017 and making affected users whole, the fine amount would likely deliver a fatal blow to CZ’s crypto empire. Even so, Binance's approach to shitcoins became a key differentiator during the company's early days: Whereas Coinbase, the big US exchange, offered just three tokens, Binance sold more than 100. Binance cryptocurrency market - The easiest way to know the last prices, coin market cap, token price charts, and 24h change of bitcoin and other altcoins. Also read: I bought 200 meme coins, so you don’t have to, here’s how my shitcoin bag of PEPE, WOJAK and. Nonetheless, Binance does list meme coins, including Pepe. Binance CEO Changpeng CZ Zhao took part in this mania after his recent retweet. According to Adam Cochran, a crypto researcher and partner at venture firm Cinneamhain Ventures, CFTC, unlike the SEC, rarely agrees to fine settlements, but when it does, it pushes for admission of guilt and other restrictive clauses, such as banning the parties from dealing in commodities. Elon Musks Endorsement Extended Dogecoin Lifespan, Says Binance CEO: It Would Have Disappeared.
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