💬 The head of Binance CZ responded to the CFTC lawsuit  

⏺ The complaint contains incomplete facts and we disagree with many claims.
⏺ Binance has developed the best technologies for compliance, including mandatory KYC, AML, IP blocking, passport (yes, but before 2020?)
⏺ Binance works with regulators around the world, including the US. Personally, he has been cooperating with the CFTC for more than two years (yes, what happened before these two years?)
⏺ Binance has the largest number of licenses worldwide among crypto companies.
⏺ Binance does not trade against its clients, and CZ personally has two accounts open (the CFTC complaint says that CZ has more than 300 accounts and trades on them).
Employees are prohibited from selling the purchased cryptocurrency earlier than 90 days later, as well as trading on futures.

What I would like to add: Binance is now truly the most regulated exchange in the world and complies with all requirements. However, many probably remember the times when it was possible to withdraw up to 2 BTC per day on the exchange without verification at all, and the policy of the exchange was this: “We are a decentralized company, we have no office anywhere and we are not regulated anywhere.” In those days, no one prevented the same Americans and other persons from trading on the stock exchange. Apparently, the CFTC claim is connected precisely with this.

So, most likely, the exchange will settle the conflict, pay a fine, and that will be the end of it. Another question is that the SEC has not filed charges yet, although it is going to. Here the guys will be even more serious and the consequences for Binance/BNB/TWT may be larger.