Binance has been under heightened regulatory scrutiny in recent months over the handling of its global operations. Earlier this month, the Securities and Exchange Commission (SEC) sued Binance, Binance.US and CZ, alleging that the companies operated as an unregistered securities exchange. And in March, U.S. regulator Commodity Futures Trading Commission (CFTC) sued Binance and Zhao over allegations that the company knowingly offered unregistered crypto derivatives products in the U.S.
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