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Isn't CZ already being sued by the CFTC? Is cryptocurrency a security or a commodity and under whose jurisdiction does Binance fall? Or were they trading in bot
by bmc7505 3y ago
Isn't CZ already being sued by the CFTC? Is cryptocurrency a security or a commodity and under whose jurisdiction does Binance fall? Or were they trading in both types of instruments?
https://news.ycombinator.com/item?id=35327996 https://news.ycombinator.com/item?id=35327996
- JumpCrisscross 3y ago> Is cryptocurrency a security or a commodity The SEC complaint sidesteps what Bitcoin or Ethereum are by focussing on other transactions, e.g. the ICO and trading of BNB and the private placements of its own stock.
- wmf 3y agoSome cryptocurrencies are commodities and some are securities. Binance was trading both kinds so they get spanked twice.