World’s largest cryptocurrency exchange Binance has added a new stablecoin trading pair for XRP. According to an announcement today, Binance added the XRP/TUSD pair to its platform. The move will allow users to trade the sixth-largest cryptocurrency against the fifth-biggest stablecoin.

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)

Binance clients withdrew over $772 million from the exchange in the past 24 hours following the Commodity Futures Trading Commission's (CFTC) lawsuit alleging that Binance had violated its derivatives regulations in the United States by offering these services without registering with it.

The US Commodities and Futures Trade Commission (CFTC) has filed charges against Binance, alleging that the leading crypto exchange went against regulations to serve US-based customers and that its executives engaged in wrongdoing. The CFTC highlighted Binance executives' use of the messaging application Signal, which allowed them to delete records of discussions of incriminating activity. The regulator also pointed to Binance's ties to illegal activity and the company's advice to customers on how to bypass its geofencing measures by using a virtual private network. Binance has denied many of the allegations and has only addressed employee trading on its platform. (cryptoslate)

The Commission will seek to prevent actors from obscuring regulated activity beneath a shroud created by a complex web of corporate entities.

Binance, the world’s largest cryptocurrency exchange, has reportedly experienced $218 million in outflows since the US Commodity Futures Trading Commission (CFTC) announced its lawsuit against the exchange.

Binance CEO Changpeng Zhao has disputed the allegations made against the cryptocurrency exchange by the US Commodity Futures Trading Commission (CFTC).

CFTC Sues Binance and CEO for Violating Trading Rules, Bitcoin and Ethereum Prices Dip; Binance Continues Global Expansion With New ‘Web3 Outpost’ in Georgia; Dogecoin To Get Upgrade Release Packed With New Features and Enhancements

On Monday, the Commodity Futures Trading Commission (CFTC) filed a lawsuit against cryptocurrency exchange Binance and its CEO, Changpeng Zhao, accusing them of violating trading and derivatives rules.

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges, and its CEO, Changpeng Zhao (CZ), over alleged regulatory violations. The CFTC alleges that Binance facilitated trading of derivatives without registering with the agency, which is a violation of federal law.