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Binance and its CEO CZ are sued by the US CFTC for violating regulatory requirements.

BlockBeats reported on March 27th that Binance, a cryptocurrency trading platform, and its CEO CZ have been sued by the US Commodity Futures Trading Commission (CFTC) for allegedly violating trading and derivative rules. The CFTC filed the lawsuit on Monday in a federal court in Chicago. The derivatives regulator said that Binance did not register properly, thereby evading its obligations. Since at least 2021, the CFTC has been investigating whether Binance failed to prevent US residents from trading cryptocurrency derivatives. CFTC rules typically require platforms to register with the agency when allowing Americans to trade these products.

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