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Binance Responds to CFTC Lawsuit; Bitcoin Briefly Dips Below $27K

Mar 27, 2023

Bitcoin (BTC) is sinking after the U.S. Commodity and Futures Trade Commission (CFTC) sued Binance, the world's largest cryptocurrency exchange by trading volume, and CEO Changpeng 'CZ' Zhao on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law.

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    Christine Lee
    Christine Lee
    Christine Lee is an anchor and producer at CoinDesk. Previously, she anchored live daily market updates and reported business news features for television stations around the world at Thomson Reuters. She first began covering cryptocurrencies at Bloomberg TV Canada.
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    Logo of BTC
    BTC
    Bitcoin
    $57,506.14
    0.08%
    Logo of ETH
    ETH
    Ethereum
    $2,374.69
    0.06%
    Logo of BNB
    BNB
    Binance Coin
    $519.02
    -0.55%
    Logo of SOL
    SOL
    Solana
    $135.50
    0.05%
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    XRP
    XRP
    $0.54012175
    -0.15%
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    DOGE
    Dogecoin
    $0.10261809
    -1.65%
    Logo of TON
    TON
    Toncoin
    $5.47
    4.83%
    Logo of TRX
    TRX
    Tron
    $0.15318004
    -0.70%
    Logo of ADA
    ADA
    Cardano
    $0.34179307
    -1.27%
    Logo of AVAX
    AVAX
    Avalanche
    $24.33
    1.08%

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