Bitcoin, Ethereum Fall as CFTC Sues Binance and CEO Changpeng Zhao

The main cryptocurrency change by buying and selling quantity, Binance, and its CEO Changpeng Zhao have been sued Monday by the Commodity Futures Buying and selling Fee (CFTC).

The U.S. regulator alleged that Zhao and his firm violated buying and selling and derivates guidelines, based on a lawsuit filed by the CFTC in a Chicago federal court docket.

The 2 largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, fell on the information, based on CoinGecko. Over the previous hour, Bitcoin had fallen 3.3% to $26,800, and Ethereum had stumbled 2.9% to underneath $1,700.

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