CFTC Sues Binance for Breaking Derivatives Rules

What is the main reason for the CFTC's lawsuit against Binance?

• Failure to pay taxes

• Partnership with other crypto exchanges

• Hacking incidents

• Alleged violation of trading and derivatives rules

How has Binance responded to the regulatory scrutiny?

• By halting all operations

• By relocating its headquarters

• By claiming business as usual

• By merging with another company

What effect has the regulatory scrutiny had on the crypto market sentiment?

• Increased optimism

• Stabilization of prices

• No effect

• Negative impact

Which two regulatory bodies are mentioned as having jurisdictional disputes over digital assets?

• CFTC and SEC

• SEC and Department of Justice

• CFTC and IRS

• IRS and Department of Justice

What is the current status of regulations for digital assets in the US?

• Clearly defined

• Fully implemented

• Completely absent

• Under development by Congress