Binance CFTC Suit Is Latest Slap From Global Watchdogs: Timeline

The dramatic US enforcement action against Binance on Monday is the latest in a long history of run-ins between the world’s largest crypto exchange and regulators around the world.

Watch: The CFTC is suing Binance Holdings.

Source: Bloomberg

In a forceful move to crack down on the most systemically important player in the $1.1 trillion industry, US authorities on Monday sued Binance and its chief executive Changpeng “CZ” Zhao for allegedly breaking trading and derivatives rules.

Read more: Zhao’s Binance Empire Dwarfs FTX at Peak and Dominates Crypto

To critics, it’s a long time coming. The Commodity Futures Trading Commission charges follow past warnings from the likes of ...