The Commodity Futures Trading Commission (CFTC) has sued Binance, one of the world's largest cryptocurrency exchanges, over allegations of breaking trading and derivatives rules. The article notes that the CFTC has accused Binance of allowing U.S. residents to trade derivatives without registering with the agency, which is a violation of federal law.

The lawsuit is part of a broader effort by U.S. regulators to crack down on crypto-related activities that are perceived as risky or potentially fraudulent. The CFTC has been particularly active in this area, and has taken action against a range of companies and individuals in the crypto industry over the past year.

Binance has faced regulatory challenges in other countries as well, including in the UK and Japan. These challenges have led to increased scrutiny of the company's operations and have raised concerns about the level of regulatory compliance within the cryptocurrency industry more broadly.

(by Samuel Wan)