Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
A U.S. federal court has approved the settlement between Binance and the Commodities Future and Trading Commission (CFTC), which will see Binance pay $2.7 billion in penalties. Meanwhile, Lido DAO is the center of a class-action lawsuit claiming the it duped the public into investing in an unregistered securities offering,and spot Bitcoin (BTC) exchange-traded funds (ETFs) could trigger unwanted consequences for crypto exchanges like Coinbase.
A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC).
In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.