Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Federal Judge Approves Settlement Between CFTC and Binance
ADOPTION NEWS

Federal Judge Approves Settlement Between CFTC and Binance

By Crypto FlexsDecember 19, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Federal Judge Approves Settlement Between CFTC and Binance
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

A federal judge has approved a settlement between cryptocurrency exchange Binance and the Commodity Futures Trading Commission. It comes a month after the former CEO of a cryptocurrency exchange pleaded guilty to charges related to anti-money laundering violations.

Under the agreement, former CEO Changpeng Zhao must pay $150 million, one-third of which must be paid within the next 30 days, Judge Manish Shah of the U.S. Northern District Court said. This was done according to an order signed on December 14. Illinois. According to the order, Binance must pay a fine of $1.35 billion to the CFTC and return $1.35 billion in “unfair trading fees.”

The agency said that Binance followed the instructions of former CEO Zhao Changpeng. requested A statement released Monday said it was aware of U.S. regulations for U.S. customers but “chose to ignore them.”

The consent order also requires Binance and Zhao to ensure that the exchange establishes a corporate governance structure that includes a board of directors, compliance committee and audit committee comprised of independent members.

criminal case

Several federal agencies, including the CFTC, Treasury, and Justice Department, announced a record $4.3 billion in corporate settlements in late November. Zhao pleaded guilty to anti-money laundering and sanctions violations after a years-long investigation by federal regulators.

Zhao too cascade Last week, he stepped down as chairman of the Binance.US board, effectively removing his influence in Binance.US’ governance and making his interest in the exchange’s US arm “purely economic.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

The Complete Guide to Crypto Website Listing Directories

July 5, 2025

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

The Complete Guide to Crypto Website Listing Directories

July 5, 2025

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025
Most Popular

Worldcoin launches new Ethereum L2 network called “World Chain”

April 18, 2024

Pump.fun founder requires Memecoin Guardrails in ‘Libragate’.

February 18, 2025

Investors are bullish on cryptocurrencies and technology stocks, BofA says.

March 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.