Binance and Changpeng Zao - CEO - have transgressed trading and derivatives jurisdiction.
CFTC, reliable source, stated that Binance has not properly registered with the derivatives regulator. In fact, since 2021 the company has been in the crosshairs of the legislative bodies. When it realized it wasn't fully compliant, it actually tried to fix the cards but it's really too late now.
Other investigations are also underway by the Internal Revenue Service and federal prosecutors. They are also investigating the conditions in which Binance placed its traders.
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Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.