US DOJ Considers Suing Binance, But Worries about Potential Run on Exchange

US DOJ Considers Suing Binance, But Worries about Potential Run on Exchange

The U.S. Department of Justice is considering fraud charges against Binance, but also worries that the move could cause a run on the exchange and spur a panic in the crypto markets, Semafor reports.

According to people familiar with the matter, the DOJ is also considering other options, such as fines and deferred or non-prosecution agreements.

The $BNB price dropped immediately after the report was published. According to TokenInsight data, the price of $BNB dropped 3.04% over the last 24 hours, trading at $240.29 now.

Earlier this year, Binance was sued by the US Commodity Futures Trading Commission and Securities and Exchange Commission.

Related: CZ and Binance Sued by CFTC

SEC Sues Binance and CEO Changpeng Zhao for Securities Law Violations

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Binance

Policy and Regulation

In This Article

Related News
Binance South Africa to require information on senders and recipients for local compliance Binance South Africa to require information on senders and recipients for local compliance
Binance tax evasion trial in Nigeria adjourned until April 30 on 'substituted service' argument Binance tax evasion trial in Nigeria adjourned until April 30 on 'substituted service' argument
Binance suspends employee for allegedly profiting off of insider information Binance suspends employee for allegedly profiting off of insider information
Binance Records $3.97B Weekly Inflows Binance Records $3.97B Weekly Inflows
'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report 'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report
Latest News More More
9 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
9 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
3 Days Ago USDC closes in on $61 billion as institutional demand outpaces USDT growth
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open