U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday at a congressional hearing he believes ether is a commodity – a potentially controversial assertion that differs from what his counterpart at the Securities and Exchange Commission (SEC) has said.

The recent lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Binance did not significantly affect Voyager's ongoing bankruptcy case, according to legal experts. The CFTC accused Binance of breaking trading and derivatives rules by allowing US customers to trade derivatives illegally. Binance US is in the process of acquiring Voyager's assets. As Voyager is not involved in derivatives trading, the lawsuit may not be applicable to the deal. 

The Commodity Futures Trading Commission (CFTC) lawsuit against Binance, the largest crypto exchange by trading volume, is, in Timothy Massad’s words, a “big deal.”

The price of Bitcoin has held its ground in the wake of a case filed by the US Commodity Futures Trading Commission (CFTC) against Binance, one of the world's largest cryptocurrency exchanges. The lawsuit alleges that Binance engaged in illegal trades on its platform and seeks damages and other relief.

What Market Phase are we entering into has been the introductory question for our last appointments. Are we going to listen to the Bulls or the Bears? Are we going to see a Bull Market or a Bear Market?

The global digital asset market printed red indexes on Tuesday as Commodity Futures Trading Commission (CFTC) alleged Binance, the world’s largest crypto exchange for violating trading rules. The fear among the investors has triggered a massive outflow from Binance over the past day.

The Chinese government has been proactively pursuing advancements in its blockchain sector and aims to upgrade its industry development standards by 2025.

Binance USD (BUSD) has seen over $500m in outflows since a lawsuit was filed against Binance and its CEO, Changpeng Zhao, which is smaller than the outflows seen following the February crackdown on New York-based BUSD issuer Paxos by the SEC. This could be due to Binance's decision to shift towards other stablecoins, with the exchange ending zero-fee trading for BUSD-listed trading pairs and moving them over to TrueUSD (TUSD)-listed pairs instead. Despite the turbulence, BUSD has maintained its peg and there have been no unforeseen incidents concerning BUSD on Binance chain-based DeFi applications, in which the stablecoin plays a huge role.

Binance's regulatory troubles may exacerbate liquidity problems in crypto markets, which have been plaguing the industry since the collapse of FTX in November. The US Commodity Futures Trading Commission has sued Binance for running an alleged illegal exchange and a "sham" compliance program. Binance has long been the leading digital assets exchange, accounting for 81% of the total bitcoin traded on centralized exchanges in February. Observers worry that the lawsuit would bring a deeper decline in market liquidity, exacerbating volatility and causing large players to stay on the sidelines. Liquidity is measured by a metric called the 2% market depth, which has been slipping since FTX's sister firm Alameda Research closed shop five months ago. Some observers expect bitcoin to revisit former resistance-turned-support near $25,000 in the wake of regulatory uncertainty.

Binance's chief strategy officer, Patrick Hillmann, recently took to Twitter to emphasize the exchange's commitment to user protection and deny the practice of hunting user stops or liquidation prices.