The Commodity Futures Trading Commission (CFTC) has accused Binance of market manipulation, lack of compliance effort, and obstruction of investigative subpoenas, among other things, in a surprise lawsuit. The CFTC has labelled Bitcoin, Ethereum, Litecoin, Tether, and Binance USD as commodities, contradicting the SEC's argument that BUSD is an "unregistered security." The lawsuit also alleges that CEO Changpeng Zhao approved minor office expenses and paid for company services such as Amazon Web Services with his own personal credit card. The CFTC is seeking monetary penalties, injunctions, and disgorgement of any trading profits, salaries, commissions, loans, or fees gained from their wrongful actions. Binance has already rejected many of the allegations, hinting that a more in-depth response is incoming. A spokesperson from Binance has maintained that the exchange maintains country blocks for US citizens, regardless of where they live in the world. (Cointelegraph)