Binance is paying one of many largest fines in company historical past to the U.S. Division of Justice, whereas its founder and CEO, Changpeng “CZ” Zhao, stepped down from his function operating the platform as a part of a settlement with a number of federal businesses. In the meantime, Kraken is dealing with a lawsuit from the U.S. Securities and Trade Fee that echoes the SEC’s earlier wave of fits.
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Binance's Busy Day, Kraken's Second SEC Combat
