2min chapter

Many Happy Returns cover image

The War on Crypto

Many Happy Returns

CHAPTER

Binance's Chances of Winning the Lawsuit Are Lower Than Coinbase's

Binance was sued earlier this year in March by the Commodity Futures Trading Commission. The CFTC accused them of circumventing compliance controls on their platform. They didn't really know who was putting money on their platform or trading, they say. So I guess from the point of view of B finance it's going to be a problem having people keep their money with you if they see you as a potential default risk.

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