Binance CZ Sued by CFTC: What Does This Mean For Crypto?

The world's largest crypto exchange, Binance, and founder CZ, were sued by the CFTC on alleged unregistered derivatives trading. Nick and Souvlaki discuss the allegations on Binance, the details behind the willful evasion of CZ to bypass U.S. regulation, the international scrutiny this puts Binance under, and what this means for the future of Binance and the crypto industry.

Fines Paid by Companies 👉 https://violationtracker.goodjobsfirst.org/top-100-parents

CTFC Suit 👉 https://storage.courtlistener.com/recap/gov.uscourts.ilnd.431767/gov.uscourts.ilnd.431767.1.0_1.pdf

Binance & CZ Response to Suit 👉 https://www.binance.com/en/blog/from-cz/czs-response-to-the-cftc-complaint-2408916493005890282

🔗 Useful Links 🔗

Revelo Intel is now LIVE! Join FREE - https://revelointel.com/
Nick Drakon Twitter 👉 https://twitter.com/NickDrakon
Souvlaki Twitter 👉 https://twitter.com/0xSouvlaki
Revelo Intel Twitter 👉 https://twitter.com/ReveloIntel

🔗 Useful Tools 🔗

Ledger Hardware Wallet 👉 https://bit.ly/3hMmR3T
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⏲ Time Stamps ⏲

0:00 - Intro
0:37 - CFTC Lawsuit against Binance and CZ
14:02 - Binance's Internal VIP Handling Policy
21:46 - DOJ's Attack Against the Poker Industry
26:01 - CZ Owned 300 Accounts that Traded Against Their Customers
37:49 - What This Means for Crypto?
1:01:12 - Coinbase's Case
1:03:53 - Closing Remarks

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📜 Disclaimer 📜

This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.

#NickDrakon #ReveloIntel #WhatsOnMyMind #WOMM #Souvlaki #Binance #CFTC #CZ