Commodity Futures Trading Commission (CFTC)

The US Commodity Futures Trading Commission (CFTC) warns of the increasing scams fraudulently using artificial intelligence (AI) to attract crypto investors with the promise of whopping returns.

Recently, Binance has reached an agreement valued at over $4 billion to drop investigations conducted against it by the US Department of Justice (DOJ). A similar agreement, involving, like the previous one, Changpeng Zhao, the former CEO of Binance, has been concluded most recently. This time, with the Commodity Futures Trading Commission (CFTC).

With over 100 million users, Binance easily claims the title of the world's largest cryptocurrency exchange. If CZ's exchange were to fall victim to the initiatives of U.S. regulators, others (Kraken, Coinbase, and the like) would melt away like snow in the sun. And apparently, the U.S. Department of Justice is preparing to launch an assault on this crypto behemoth with feet of clay.