The Commodity Futures Trading Commission (CFTC) is suing crypto platform Binance and several top executives, alleging that they offered unregistered crypto futures and other derivatives for trading in the United States in violation of U.S. laws and devised a “secret plot” to help customers evade restrictions.
Binance stands accused of running a cryptocurrency derivatives-trading operation in the United States without properly registering it, in violation of CFTC regulations and the Commodity Exchange Act, according to the complaint (pdf) filed on March 27 in the U.S. District Court for the Northern District of Illinois.
