Crypto Advocates Shrug Off CFTC’s Lawsuit Against Binance
- Bitcoin climbs from lows after dropping in wake of lawsuit
- ‘Real implications’ for crypto unlikely, FRNT’s Ouellette says
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For many veterans of the digital-asset world, the US Commodity Futures Trading Commission’s lawsuit against Binance Holdings Ltd. for allegedly breaking derivatives rules is just another day in crypto.
Token prices initially dropped after the CFTC filed the lawsuit Monday in a federal court in Chicago, only to quickly steady, and even pare losses in some instances. Many crypto advocates view the action by the US agency as just the latest assault on the sector by global regulators.